IRB Infra is fairly volatile: Ashwani Gujral, Market Strategist
Would be very comfortable if IRB Infra relaxes a bit and makes a range and then breaks out.
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| Ashwani Gujral, Cheif Market Strategist, ashwanigujral.com in a chat with ET Now talks about IRB Infra.
What is your take on IRB Infra?
As far as all the scam tainted stocks are concerned, suddenly that news is behind them. But this is fairly volatile. It has done this twice - moving sharply towards 190 and then moving back towards 250. I would be very comfortable if this stock relaxes a bit and makes a range and then kind of breaks out because this kind of volatility some times unnecessarily traps people. So still we should wait for a bit of a calmness to return to the scam stocks.
What is your take on IRB Infra?
As far as all the scam tainted stocks are concerned, suddenly that news is behind them. But this is fairly volatile. It has done this twice - moving sharply towards 190 and then moving back towards 250. I would be very comfortable if this stock relaxes a bit and makes a range and then kind of breaks out because this kind of volatility some times unnecessarily traps people. So still we should wait for a bit of a calmness to return to the scam stocks.
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