Play KPIT Cummins for short to medium term: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now explains why he is bullish on KPIT Cummins.

You are bullish on KPIT Cummins. What do you make of this stock?

The same momentum story again. However, the difference here is that this has had a bit of a correction until the end of May. That time it was not looking so good but after that, it has taken off quite a lot and after a bit of consolidation, seems to be moving up again.

So this looks like a reasonably good short to medium-term play. Long term could be a little tricky because it does have a tendency to fall quite a lot during market correction. So I would say strictly short and medium term should do fairly well.