Lanco Infra was in persistent decline: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his views on Lanco Infra.

How are the charts panning out for a Lanco Infra?

Even without this news, the stock was in a very persistent decline. It has seen 2-year low before it has bounced back a little bit today.

So, this is the story of so many infrastructure stocks, nothing unique here but they have not come out of that decline, nor did Lanco. And once you have a bull market really happening as in very large moves on a consistent basis, then we should see the sector going up. This seems to be the last sector which will wake up.