KRBL, Rei Agro good for short term: Deepak Mohoni
KRBL seems to be having quite a strong run up, and Rei Agro a more modest one, but relatively but they are certainly going up since this announcement unlike the railway stock but these may be short term plays.
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| Deepak Mohoni, Director, trendwatchindia.com
How do you read into KRBL, Rei Agro that arehaving quite an afternoon today?
KRBL seems to be having quite a strong run up, and Rei Agro a more modest one, but relatively but they are certainly going up since this announcement unlike the railway stock but these may be short term plays. KRBL is highly volatile stock; it had gone down quite substantially after the stocks split and now it is bouncing back. Rei Agro is still well below its July-August highs. So its long term trend is probably down. So both these stocks I would say are looking like short term momentum plays at the moment.
How do you read into KRBL, Rei Agro that arehaving quite an afternoon today?
KRBL seems to be having quite a strong run up, and Rei Agro a more modest one, but relatively but they are certainly going up since this announcement unlike the railway stock but these may be short term plays. KRBL is highly volatile stock; it had gone down quite substantially after the stocks split and now it is bouncing back. Rei Agro is still well below its July-August highs. So its long term trend is probably down. So both these stocks I would say are looking like short term momentum plays at the moment.
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