Infra stocks are in the final phase of decline: Ashwani Gujral
"This is the final waterfall that you can see. Once this selling is done, slowly people lose interest in these stocks."
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about infra stocks.
What is the call on infra stocks?
They will continue to go down till they absolutely reach, prices of vegetable Rs 30-40-50. So there is really no sign of any bottom, now they are side falling 8-10-12%. So this is the final waterfall that you can see. Once this selling is done, slowly people lose interest in these stocks. Till they get their act in order and then maybe a fresh bull market will start but now they are in the final phases of decline but certainly not anywhere near their buying levels.
What is the call on infra stocks?
They will continue to go down till they absolutely reach, prices of vegetable Rs 30-40-50. So there is really no sign of any bottom, now they are side falling 8-10-12%. So this is the final waterfall that you can see. Once this selling is done, slowly people lose interest in these stocks. Till they get their act in order and then maybe a fresh bull market will start but now they are in the final phases of decline but certainly not anywhere near their buying levels.
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