7.11.08
We have till date purchased 125 shares of India Glycols Ltd. @ 201.43 for a total value of Rs. 25178.64 till last month. Let us purchase another 76 shares on 6.11.08 at a closing price of Rs. 65.45 for a sum of Rs. 4974.2. We now have 201 shares @ 150/- per share for a total sum of Rs. 30,152.84. We can see that our average price has dropped drastically from Rs.201.43 to Rs.150/-. Also, no. of shares being bought for a fixed sum of Rs. 5000/- are also going up as the price is falling.
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