Some more selling

I did some more selling on Wednesday, just before I went on vacation. I got rid of the big-time PITA, Jindal Polyfilms - undoubtedly the worst IPO investment I have made so far. I sold it at a whopping loss of 58.46%.

I made a couple of partial exits of Indian Bank. Little did I know, about the rally that would follow, when the Monetary Policy would be announced. I sold 65 shares at 100 and another 50 shares at 106. I still hold 150 shares of the scrip.

So, now the realized profit/loss table looks like this:

SCRIP	Quantity	Buy	Sell	Gain
Tech Mahindra	17	28-06-2006 365.00	23-04-2007 1493.58	+309.20%
Global Broadcast News	25	08-02-2007 250	23-04-2007 571.42	+128.57%
Firstsource Solutions	136	22-02-2007 64	23-04-2007 86.41	+35.02%
Mindtree Consulting	25	07-03-2007 655.13	23-04-2007 795.36	+21.40%
Reliance Communication	11	01-03-2006 0	23-04-2007 460.95	N/A
Tata Chemicals	20	14-09-2005 196.81	12-04-2007 206.98	+5.17%
Ashok Leyland	300	18-07-2006 31.80	12-12-2006 41.94	+31.89%
Guj Ambuja Cem	40	26-12-2005 78.27	30-03-2006 103.04	+31.65%
Indiabulls	100	07-11-2005 171.58	19-01-2006 202.11	+17.79%
Royal Orchid	50	20-02-2006 209.54	06-03-2007 187.25	-10.64%
Midday Multimedia	50	04-01-2006 111.02	06-10-2006 45.38	-59.12%
Sun TV	20	05-05-2006 875.00	12-12-2006 1297.34	+48.27%
Ranbaxy Labs	11	23-11-2005 368.38	30-03-2006 445.83	+21.02%
Bajaj Hindustan	20	09-11-2006 314.00	12-04-2007 207.28	-33.99%
Dhampur Sugar	30	26-12-2005 176.62	30-03-2006 262.54	+48.65%
Parsvnath	20	30-11-2006 300.00	20-04-2007 305.91	+1.97%
Jindal Polyfilms	15	16-07-2005 360.00	25-04-2007 149.54	-58.46%
Indian Bank	115	01-03-2007 91	25-04-2007 101.67	+11.73%
Profit				+34.90%

The average holding period turns out to be 211.22 days. The net realized profit stands at 34.90%.