BHEL remains independent of market when going up: Deepak Mohoni, trendwatchindia.com
BHEL, we are getting a buy into a falling market. There is a little bit of extra risk here than what we have normally got.
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| Updated: Deepak Mohoni, Director, trendwatchindia.com, in an interview with ET Now, talks about BHEL.
What is the call on BHEL?
The stock of the week is BHEL. Last week Apollo Tyres stock did quite well; up about 6%. Before that, we had two stocks which ended unchanged and maybe 1% up and this week BHEL, we are getting a buy into a falling market. There is a little bit of extra risk here than what we have normally got.
The reason I have picked BHEL is it is a very momentum driven stock. Once it starts moving, it tends to remain there independent of the market. Hopefully this works out even if markets are weak but it is not a long term investment idea, the others were. This one is purely for a short to medium term.
What is the call on BHEL?
The stock of the week is BHEL. Last week Apollo Tyres stock did quite well; up about 6%. Before that, we had two stocks which ended unchanged and maybe 1% up and this week BHEL, we are getting a buy into a falling market. There is a little bit of extra risk here than what we have normally got.
The reason I have picked BHEL is it is a very momentum driven stock. Once it starts moving, it tends to remain there independent of the market. Hopefully this works out even if markets are weak but it is not a long term investment idea, the others were. This one is purely for a short to medium term.
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