Hang on to Thermax as long as bull market remains intact: Deepak Mohoni

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

What do you make out of Thermax?

It is enjoying the bull market like so many other stocks are. At least it is now slowly trying to catch up with the current bull market peaks, Rs 750. So that is not a bad sign but for a longer term holding, it does provide a fair amount of downside volatility, that come down from nearly Rs 1000 down to Rs 100.

So it can do those falls. So as long as the bull market is intact fine, hang on to the stock but it is not a defensive.