Decision of long term and short terms are based in recent triggers, nothing is black & white in stock market, especially in bull markets crooks promoters play with balance sheet hence for small cap and mid cap companies untill there are very strong reasons based on valuations and cash flows, selling and protecting capital is best decision. Long term hold can become a hard sell based on change in industry dynamics hence nothing wrong. This is not the time for long term hold, your friend might have become a “forced long term” than long term. I had invested in Kalyan Jeweller in Nov 22 at average 110 levels, as oer management guidance my estimations were for a market cap of 80000-100000 cr in FY 26. Market euphoria has given market cap of 70000 cr in 2024 with rich valuation of 115 PE, so what should i do, should i hold for two more years for time correction? Never, i have exited my all holdings 700 average levels. A long term bet of 5 years sold in 2 years flat. Sarcasm for others strategy is not a good.
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