Avoid Everest Kanto stock: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talks about Everest Kanto. Excerpts:

I want your view on EKC because that stock has taken a bit of a walloping?

If you look at Everest Kanto, it has not been a great story for quite a few years really. It peaked in 2008. Since then it has been progressively just falling lower and lower and again at today's price, we are straight down to about a 2 month low, which is not so good when the market is bullish, so I would say just completely avoid this stock.