Should Ashok Leyland shares be sold after getting over 60 % returns?
Unsure whether to sell Ashok Leyland shares after getting good returns or hold them for further, better returns? Investment advice can be sought for through the expert answers below.
I am holding Ashok Leyland shares since April 2015. I have bought a total of 200 shares by average and now my investment average price is 90 Rs. Currently, the share is trading at Rs. 146 (All time high) and as of now, I am having about Rs. 11000 as profit or more than 60 % return.
I am a long-term investor and want to hold the shares, preferring Ashok Leyland shares in future, too, but the current profits attract me to book the profit.
What should I do? Should I wait for a further upper trend or sell and book the profits?