Hi,
I am new at investing so apologies if I am missing anything elementary here. Mid of last month, I purchased 8 shares of Tata Motors DVR (in several installments of varying prices between 439 and 456) at an average price of 449. Now when the prices started rising yesterday, I sold 4 shares at a price of 456.60. Now, logically thinking, I think I made a profit of around Rs. (7.60*4). However, my demat account shows a loss.
Is there anything I am missing here? I guess the transaction charges are also very low at around 55 paisa for 100 rupees of trasaction, so that alone is not going to have affected the profitability of the transaction.
I am new at investing so apologies if I am missing anything elementary here. Mid of last month, I purchased 8 shares of Tata Motors DVR (in several installments of varying prices between 439 and 456) at an average price of 449. Now when the prices started rising yesterday, I sold 4 shares at a price of 456.60. Now, logically thinking, I think I made a profit of around Rs. (7.60*4). However, my demat account shows a loss.
Is there anything I am missing here? I guess the transaction charges are also very low at around 55 paisa for 100 rupees of trasaction, so that alone is not going to have affected the profitability of the transaction.