Mcleod Russel is a good stock to add to the portfolio: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Mcleod Russel.

Tea stocks have not done too badly but how do the charts look here for the more liquid ones, the likes of a Mcleod Russel, possibly even throw in smaller ones like Jay Shree Tea?

Mcleod Russel stands out as probably the best of that lot. It had a wonderful bull run from the end of 2008 like so many other stocks but it ended pretty quickly, middle of 2009 but that was a gain of some 7-8 times and after that it has been sideways.

It now looks like it might be coming out of that sideways range or at least moving towards the top of it, so this gives it a lot of excellent long-term potential. Without too much downside risk, it has not tended to fall very much during market declines, so I do not think this is a bad stock at all to add to a portfolio.