Cautious on Indiabulls Financial Services: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Indiabulls Financial Services.

What is your view on Indiabulls Financial Services? It had a strong intermediate run.

Indiabulls made this move in the last 7 or 8 days. It was slipping a bit before that. So this is a late participant in the rally and late participants do tend to be a little bit vulnerable. This was a very large move. So maybe it is not so bad but typically the stocks that get in late, the ones which the market has helped along. So they do not really hold out when the market goes down. So this may just be an exception because rally has played off to a one year high or thereabout but I would still be a little cautious over here.