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Question 30 : If you had decided to invest Rs.36,00,000 worth of ITC stocks on Monday, then the day of the week you should choose to sell the stocks to earn the maximum possible profit would be

  1. Tuesday
  2. Wednesday
  3. Thursday
  4. Friday

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Explanatory Answer

Day Monday Tuesday Wednesday Thursday Friday
Quote Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy
Dabur 460 462 455 458 432 433 444 447 461 462
Marico 345 346 335 336 365 368 372 375 372 374
HUL 1931 1933 1952 1955 1979 1981 2044 2048 1966 1969
ITC 237 238 238 239 246 251 221 225 253 256
Britannia 3044 3046 3100 3101 3110 3115 3025 3027 3140 3144
The cost of an ITC stock on Monday is Rs. 238. From the table, we can see that the selling price of the stock is highest on Friday(Rs. 253). Hence, if we sell the stocks on Friday, we will get the maximum possible profit.

The question is " If you had decided to invest Rs.36,00,000 worth of ITC stocks on Monday, then the day of the week you should choose to sell the stocks to earn the maximum possible profit would be "

Hence, the answer is Friday

Choice D is the correct answer.

 

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