GVK Power is a good stock to trade during the uptrend: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now gives his take on Ackruti City, GVK Power and IRB Infra.

What is your call on Ackruti City, GVK Power and IRB Infra?

With Ackruti City, one can never forget that huge crash it had after SEBI’s orders around June 2009. It came down all the way from 2500 to below 300-400. Given that the market has a memory and any time the market is in any trouble, these stocks do suffer a lot even if they are doing well. That is a bit of a caveat on Ackruti.

At the moment, good momentum going for it, but it is not far below that peak it had reached. That is a bit of a lookout there. GVK, on the other hand, has been having a pretty good run up recently. It is going up with the market and perhaps slightly outperforming it. That is a good stock to trade during the uptrend.

IRB had been generally a fairly strong stock in this bull market and it has gone a little bit sideways long term, but with the market itself looking like it is probably going to recapture those 2008 highs, chances are a stock like this would do fairly well long term.