Avoid Jayaswal Neco: Deepak Mohoni

In an interview with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his views on the outlook of Jayaswal Neco.

Have you read the charts of Jayaswal Neco? Do you see traction?

It had plunged quite a bit to something like an 18-month low in the post-Diwali market decline. So, it is going to be very difficult for stocks that fell to one-year lows or worse to catch up with their pre-Diwali highs. I would wait for the whole market to get out of this sort of situation. That should be on the avoid list any stocks that fell that much and Jayaswal falls pretty much in that category.