Manappuram Finance is an interesting stock to hold: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talks about Manappuram Finance.

ET Now: Any trading strategies on Manappuram Finance?

Deepak Mohoni: Interesting stock to hold in a bull market because last bull market it went up 20 fold from end of 2008 to the top in October-November with the rest of the market. Now it has corrected heavily that is the volatility factor coming in fallen more than 50% again making a very strong move so short term definitely no problem here be on the long side whenever you trade it. Long term once it bottoms out or makes a higher intermediate bottom it could be an interesting stock to even have in a portfolio provided that portfolio has got 15-16 other stock as a question because if it even does about half as well as it did last time the returns would be quite enormous really.