Rightly said. It is foolish to be sentimental about stocks. After all, we are investing for gains. So it is essential to take timely action. All around us we see commodities are in downtrend in general and iron/steel in particular. So to protect profit is essential. You will live another day to take advantage of the situation.
GPIL is certainly best among all iron ore companies, but it can not remain untouched by turbulence in the sector. In my opinion, it is high time to trim own’s exposure to this sector and if there is not any suitable sector available for investment, it is better to sit on cash .
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