Buy Ingersoll Rand for good long-term returns: Deepak Mohoni

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

What is the call on Ingersoll Rand?

It is not a bad stock actually. It is closing in into its all-time high, which is about Rs 525. It has gone up about 30% in this bull market. So that puts it among 25-30% best performing stocks in the market, maybe even better. It had a very reasonable bear market. It fell only 20-25%.

This combination makes it into a pretty good investment grade stock. It may not be the best stock for day traders or short-term traders, but it does not make dramatic moves. It is a very good return giver for longer-term investors.