Buy Jubilant Foodworks at dips, avoid Pantaloon Retail: Deepak Mohoni

In an interview with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his views on Jubilant Foodworks and Pantaloon Retail.

What is the call on Jubilant Foodworks and Pantaloon Retail?

They are both diametrically opposite stocks. Jubilant has started correcting only after reaching all time high, not that it is being listed too long but it has been quite a strong stock. So this could be a stock to actually pick up once the market shows signs of bottoming out a little bit. Pantaloon on the other hand has been in a pretty persistent decline since the middle of July in particular. So at the moment, Pantaloon would not be the stock one would buy cheap. For Jubilant however, investor could keep an eye on some sign of the market bottoming out and that could be a good one for a portfolio.