Pharma stock pack is highly volatile: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.in in an interview with ET Now gives his perspective on pharma stocks.

On the charts some of these pharma companies would you be a buyer at these levels, would you play these stocks at all?

The stocks which are looking quite strong at the moment probably Dr. Reddy is looking good, Divi’s has been making decent moves, Strides Arcolab recently has been looking strong. On the other hadn Aurobindo has been struggling so pharma is quite mixed at the moment if you count Fortis in that lot and this is highly volatile in both directions whenever the markets going down Fortis has been falling sharply so I wouldn’t play the Fortis game right now. Its probably go up with the market but it is still showing a lot of downside volatility not pretty comfortable about that.