Averaging Stocks

Hi,

I have a stock 23330 in number with avg price 4.3, now the market price is 3.8.I want to average the stock, but not sure how much to buy?Is there a averaging formula ?

This is purely arithmatic.

(23330 X 4.3) + ( x X 3.8 ) / (23330 + x)

This will give you the revised average price. Here you can either fix the revised average price and find out 'x' or fix 'x' and find out the revised average price.

Hope I am correct.

Thanks, Does not answer my question I was looking for finding out X in a straight ward way...

x has to be decided by the individual concerned based on so many other external factors, depending on individual's capacity

The idea is to buy the x stocks so that stock will come to the current market value.

this is a small cap stock my suggestion is stay away and whenever you get rate above your cost exit and buy any good mid cap or large cap stock then you can make SIP if in loss