Engineering stocks not really strong at the moment: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about engineering stocks.

What about these engineering stories probably an Engineers India Limited or a Walchandnagar for that matter or even an Electrotherm?

Electrotherm is still about half the peak price it had reached in 2007-2008, so this has not been terribly strong and this industry has been a little quiet, the trading volumes have not been very high, many of these stocks have failed to really catch up yet with their previous 2008 peaks. So not really the top stories going around. Take a Walchandnagar, Rs 200 now, in 2007-2008, that bull market it was Rs 1200, so right now even one sixth of the price. That is not so good.