Godrej consumer a buy or a hold on declines: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Educomp, Dewan Housing Finance, Godrej properties and Godrej consumer products.

What is your take on Educomp, Dewan Housing Finance and possibly the Godrej twins, properties and consumer products?

Consumer products has been a very good performer through this entire bull market, good momentum also, though it is in the FMCG pack. So that’s definitely a buy or a hold on declines for a long-term portfolio.

LIC Housing Finance has also been an excellent performer during the bull market. In fact, it is very similar chart wise to the Godrej consumer company. It has hardly got any drawdowns, it does not fall much, keeps going up and every now and then you get a move like today’s as well thrown in. So these are pretty strong performing stocks.

Godrej Construction was listed more recently. So what we do not know about it is how it would do in a bear market but in the bull market, it is certainly doing exceedingly well. This will react with a real estate thing and that is getting a bit of a boost during this rally. So we would have Godrej Construction going along with it.