IVRCL Infrastructure outperforming; stock should do pretty well: Deepak Mohoni

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

Which direction do you estimate IVRCL Infrastructure going?

As long as the market's intermediate trend survives, this stock should do pretty well. It has been outperforming. There was one big news driven jump which sparked off this move but it has maintained that uptrend. If there is a decline, that is a small decline and it starts moving up again.

So with a stop loss of course the stock looks quite okay short to medium term. I would be a little wary about the entire sector long term because they are not quite as strong as so many other sectors which have easily passed their 2008 peaks. These have still not got there.