We had invested in a stock called Excel Cropcare in the early 2014. Last year Agriculture stocks showed good strength in their Sales and profits. Among many stocks like Monsanto, Advanta, Kaveri Seeds etc., Excel Cropcare too participated in the growth story.
Following is the story that unfolded in this investment for us. We invested in January 2014 at Rs 475.00, held on to the position as the company was growing. The company in its December quarter results, showed signs of tiredness in its growth and along with that, the stock price began to look down.
Our research application gave us an exit signal in early February 2015. Following the signal we exited this investment at Rs. 950 on 9th February 2015. We stayed in this stock for 396 days, thus qualifying for a long term capital gains tax savings on full profits made in this investment.
It was a nice experience being with this company & taking our share of profits from the investment.