Ihave been reading your magazine for over five years now. I saw your recommendation on Avanti Feeds and have bought it at a very low price. Today, the stock is a multibagger. I thank you for an excellent recommendation. I am still holding on some Avanti Feeds shares. Now, I would like to know if I should HOLD on to the stock or book profit?
- Mr. Mahesh Patil
Editor Responds: Thank you for writing to us. Nothing pleases us more than our reader-investors gaining from our recommendations. We are glad you could capitalize on the opportunity. To answer your question, we believe that there is every reason to HOLD on to the stock since Avanti Feeds delivered extraordinary results in Q1FY18. The EBITDA grew by ~195% to Rs 1204 crore. In spite of threefold increase in tax paid, the net profit margin expanded by 810 bps to 14.8%.
Keep reading your favourite magazine for more wealth-creating ideas and thank you once again for writing to us.