Maharashtra Seamless should resume its rally: Deepak Mohoni

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

ET Now: What is your call on Maharashtra Seamless?

Deepak Mohoni: Maharashtra Seamless has traded at a closing prices between 370-385. It is safe to call it a sideways move and it is coming after a pretty good rally from 300 to 380. Not very high in percent as compared to other stocks.

However, a good steady rally, augurs reasonably okay for the stock once the market gets into a decent uptrend. The stock should resume its rally. It is not a very volatile stock, therefore no large runaway moves here.