Avoid Hindustan Dorr Oliver, Reliance MediaWorks: Ashwani Gujral
Look for more stable stocks instead of trying to get into these. They probably need a lot of work before they can get into sustainable uptrend.
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| Updated: What is the call on Hindustan Dorr Oliver, Reliance MediaWorks, Smartlink?
Ashwani Gujral: Hindustan Dorr Oliver has been in a downtrend decline from 156 down all the way to 60 bucks. It moved up 11% yesterday but I would much rather have it move in a range before it really bottoms out and moves higher on a sustained basis. Even Reliance MediaWorks has come down from 300 down to 120. So all of these stocks probably need to build some base before they can sustainably move higher. There are better stocks in the market. These stocks suggest getting trashed. So probably look for more stable stocks instead of trying to get into these. They probably need a lot more work before they can get into sustainable uptrend.
Ashwani Gujral: Hindustan Dorr Oliver has been in a downtrend decline from 156 down all the way to 60 bucks. It moved up 11% yesterday but I would much rather have it move in a range before it really bottoms out and moves higher on a sustained basis. Even Reliance MediaWorks has come down from 300 down to 120. So all of these stocks probably need to build some base before they can sustainably move higher. There are better stocks in the market. These stocks suggest getting trashed. So probably look for more stable stocks instead of trying to get into these. They probably need a lot more work before they can get into sustainable uptrend.
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