Infra stocks on downtrend: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com., in a chat with ET Now, gives his views on infra stocks


Do you see some long term excitement into the charts of any of these infrastructure stocks the GVK, Lanco, or GMR for example?

None of these three. They are still making new lows for the year so the downtrend is still intact. They had moved up a bit last week but still need to see some higher bottoms, higher tops, something or the other happening so that there is a hint of an uptrend. They may have value potential but the trend is still to change.