Avoid Unity Infraprojects from long-term perspective: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Unity Infraprojetcs.

Unity Infra, how do you see the charts for that one?

The sector has started getting a fair amount of attention but after the correction of the last 3-4 days, this stock has not corrected that heavily.

It has started off a move again but you have to see Unity Infra in two perspectives, one is that it has tended to decline quite a lot when there is a market correction, when there is a bear market and when there is a rally, high beta stock goes up pretty sharply, so we have had this sharp move from the middle of March.

Only a single bottom almost going up vertically and a bit of a continuation of that, so I would put this as a fast-moving stock. If you are in with it for a very short period of time, you catch some segment of this move, it gives you a good short-term profit but holding beyond a certain period of time, this stock can pose some degree of risk because it falls much more heavily than the market does.