S Kumars in sharp downtrend: Ashwani Gujral, Market Strategist
S Kumars could be headed as low as 45-50.
By 
|
| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about S Kumars and other textile stocks.
Have you looked at the Textile stocks?
Alok Industries will get to levels of 19. Arvind, which had become a real estate company, will now get a beating with his reserve for real estate. So Arvind may finally come back to 35-40. So none of these stocks are looking too good. In S Kumars also, the uptrend has ended. It could be headed as low as 45-50. So all these stocks are now in sharp downtrends.
Have you looked at the Textile stocks?
Alok Industries will get to levels of 19. Arvind, which had become a real estate company, will now get a beating with his reserve for real estate. So Arvind may finally come back to 35-40. So none of these stocks are looking too good. In S Kumars also, the uptrend has ended. It could be headed as low as 45-50. So all these stocks are now in sharp downtrends.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Youth hurls egg at AAP’s Kumar VishwasADVERTISEMENT
