Bearish about Sintex Industries: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview to ET Now gives his call Sintex stock.

What is the call on Sintex Industries?

While the market remains in an intermediate downtrend, this stock lost more than the Sensex. It is showing a lot of volatility on the downside. So it would require a favourable market to help boost the stock.The stock has failed to catch up with its 2008 peak when there was a bull market till that particular peak in 2010.

So it fell short by about Rs 100, it had gone to over 300 during 2008. Overall, this stock is struggling now and even in the long term.