Jubliant Foodworks in a non-stop uptrend: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in a chat with ET Now talks about Jubilant Foodworks, Talwalkars, Career Point & Bedmutha.

How are the charts looking for festive stocks like Jubilant Foodworks, Talwalkars or Career Point. Have you enough data for the same?

These days, the data starts with listing because intra day charts are so easily available. Jubliant Foodworks has been a pretty much a non-stop uptrend. This still looks like a pretty good hold at least if not a buy. The Career Point had not got up to such a great start after listing and the decline in the market of the last few days made it even worse but Career Point is more typical of all the new listings even stocks like Bedmutha and so on which just tanked after listing so Jubliant very much an exception not to rule. Talwalkars would be another exception to it, it has had sporadic upturns so the survival rate of these new listing seems to be about 2 out of 10 or 15 which go up the rest 10 to go down.