OMDC, good for short term trade: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, gives his views on the mining space


What about stocks in the mining space?

Orissa Mines itself is quite interesting because you would expect the stock with the price of Rs 52,000 plus it is in fact the most expensive stock in the market to be sluggish but it is a pretty volatile stock. It came down 30% in the last two months and has jumped from Rs 45,000 to the current price, that is again a very large percent jump for this sort of a price within the last week. There is possibly a good short term trade here for anybody who wants to buy stock that is Rs 52,000.