Avoid Financial Technologies; bet on Cipla instead: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager at Ashwanigujral.com, shares his thoughts on Financial Technologies. Excerpts:

ET Now: What are the charts indicating on Financial Technologies?

Ashwani Gujral: I do not think the stock should be traded. It goes up 10%, then falls 10%. There is too much of news flow and no great trend. I would rather get into a Cipla, which is now making fresh highs for the day and is coming out of a really serious correction.