Avoid SE Investments and SKS Microfinance: Deepak Mohoni
SE Investments is struggling a fair amount. It had peaked at over Rs 40 end of last year, declined quite heavily during the bear market.
By 
|
| In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talks about MFI stocks.
What is the call on MFI stocks?
SE Investments is struggling a fair amount. It had peaked at over Rs 40 end of last year, declined quite heavily during the bear market. Again it has been falling since March even at the time the market was going up. So I do not think much joy over here at the moment, so fairly persistent downtrend. Earlier in the day, there was some bit of a pick up in SKS Microfinance but even that is now reversed and it is sunk to an all time low. So I do not think these are really picking up.
What is the call on MFI stocks?
SE Investments is struggling a fair amount. It had peaked at over Rs 40 end of last year, declined quite heavily during the bear market. Again it has been falling since March even at the time the market was going up. So I do not think much joy over here at the moment, so fairly persistent downtrend. Earlier in the day, there was some bit of a pick up in SKS Microfinance but even that is now reversed and it is sunk to an all time low. So I do not think these are really picking up.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Tarun Khanna shares how certain rumours brought SKS Microfinance to a standstillADVERTISEMENT
