Avoid Thomas Cook, Cox & Kings: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his trading ideas.

What is the call on Thomas Cook?

There are no signs that Thomas Cook has come out of a longer term downtrend. It has been falling since Rs 80. It seems to be the case with Cox & Kings as well. So, both travel stocks are in a big decline.

In Thomas Cook's case, the recent peak in 2010 was Rs 80, whereas in 2008, it had gone up above Rs 120. So, it has not even gone up above its 2008 level, which is usually a good indicator of company's secular or very long term type of strengths. So, I would not really get into these stocks right now.