Nagarjuna Constructions in declines: Deepak Mohoni
Nagarjuna Constructions has been in pretty steady declines now for nearly 18 months. So that area is still to bottom out.
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| Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Nagarjuna Constructions.
What about Nagarjuna Constructions? How is that one looking compared to an HCC on the charts?
The entire space is under a fair amount of pressure. If there is a good market rally, it might help their cause but Nagarjuna Constructions or for that matter even Hindustan Construction, IVRCL, have been in pretty steady declines now for nearly 18 months. So that area is still to bottom out.
What about Nagarjuna Constructions? How is that one looking compared to an HCC on the charts?
The entire space is under a fair amount of pressure. If there is a good market rally, it might help their cause but Nagarjuna Constructions or for that matter even Hindustan Construction, IVRCL, have been in pretty steady declines now for nearly 18 months. So that area is still to bottom out.
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