Good short to medium term momentum for Parsvnath: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talks about Parsvnath.

ET Now: What is the call on Parsvnath?

Deepak Mohoni: Parsvnath had tumbled from 75 to 25 between September and early Feb. So quite a sharp fall, not unusual for the real estate stocks but since then, it has been doing pretty well. At this price, it is almost at a 5-6 week high, not too many in the real estate or there. So lot of good short to medium term momentum here. Hold onto this stock if you have it, buy it on dips but it is a little speculative unless we get into a bull market, you do not really play around too much with the real estate stocks in a portfolio. So short to medium, not a problem at all. Apollo Tyres has been making very good moves for sometime now. It is not just the last 2 or 3 days but it has been shooting up since early February, one of the most strong market movers really recently and it has almost covered up 3 quarters of the distance that it fell from its all time highs. So it looks promising, the most promising of the tyre stocks as well.