Deccan Chronicle is relatively safe: Deepak Mohoni
Deepak Mohoni in a chat with ET Now talks about HOEC, Deccan Chronicle and Ahmednagar Forgings.
By 
|
| What is your view on HOEC and also Deccan Chronicle?
Deccan Chronicle actually has been one of the better performers in the market. So overall in this bull market and if you look at the past, bear market was of course pretty bad for the stock but it was holding out till now. It has got a bit of a history, so people can relate to what it could possibly do or what sort of downside risk there is. So I would not put it that unsafe. One can get out comfortably in a stock like this, that’s really important, the ability to exit a stock. Circuits, though they have been put in place to prevent the excessive speculation to preventing them from going up, they actually end up trapping investors who cannot get out.
Have you taken a look at the charts of Ahmednagar Forgings, 8% up in the session?
Ahmednagar Forgings has been in a reasonably good uptrend for a while. It is liked a fair amount by fundamental analysts and that tends to bring in funds and so on into it sometimes. So right now it is on a good track, I would hold it. But again, if market conditions turn adverse, it will be a little unpredictable on what it could do and I would not call it a defensive stock, let’s put it that way.
(The expert is the director, trendwatchindia.com)
Deccan Chronicle actually has been one of the better performers in the market. So overall in this bull market and if you look at the past, bear market was of course pretty bad for the stock but it was holding out till now. It has got a bit of a history, so people can relate to what it could possibly do or what sort of downside risk there is. So I would not put it that unsafe. One can get out comfortably in a stock like this, that’s really important, the ability to exit a stock. Circuits, though they have been put in place to prevent the excessive speculation to preventing them from going up, they actually end up trapping investors who cannot get out.
Have you taken a look at the charts of Ahmednagar Forgings, 8% up in the session?
Ahmednagar Forgings has been in a reasonably good uptrend for a while. It is liked a fair amount by fundamental analysts and that tends to bring in funds and so on into it sometimes. So right now it is on a good track, I would hold it. But again, if market conditions turn adverse, it will be a little unpredictable on what it could do and I would not call it a defensive stock, let’s put it that way.
(The expert is the director, trendwatchindia.com)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
