Bearish on Era Infra: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, gives his views on Era Infra


What is the call on Era Infra and Kalpataru Power?

Era Infra has been in quite a persistent decline for the last seven to eight months. It is now almost at a two-year low. So this is in a pretty serious downtrend after running sideways for about a year and pretty good bull market before that but right now, it is in a pretty persistent downtrend and that pretty much applies to Kalpataru as well because that too peaked in 2009 September and has now fallen to 17-month low or maybe a 14-month low. So both these stocks are in pretty persistent declines at the moment. They have not really come up with the market for the last three-four months at all.