Hi prasathvishnu
It seems you managed to purchase Indiabulls at its high.
Did you do any research before you went long in Indiabulls.
It was offered in IPO in the price band of rs.16-19.
It saw heavy volume activity during december where it touched a high of rs. 97.80.
This was due to news of Farallon Capital acquiring a 33% stake in Indiabulls Credit Services in which Indiabulls holds a majority stake.
Currently it is quoting at rs.73.80.
As per result declared year ended dec.04, EPS is rs. 2.37 meaning its PE is around 31
That is not considering dilution thru preference shares.
Take a look at this article
IndiaBulls-Bubble of 2004
Before initiating any position on any stock it is vital to research the fundamentals of the company. The growth prospects of the sector, the company (in this case primarily the brokerage business), company's postion in the sector, its financial statements etc.
Remember when you purchase a scrip you are paying to be part of its future i.e. the price which you pay today should co-relate/discount the future profitability of the company.
It is important that you understand the inherent value of the stock you are buying at market price.
If you are interested in learning to invest in stocks, read
The Intelligent Investor by Benjamin Graham, the authority on security analysis.
Remember we are investors and not traders.
Regards!