Sanwaria Agro one of the stronger stocks in the market: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Sanwaria Agro.

Sanwaria Agro on the charts?

It has been extremely strong, it had a terrific bull market till the bull market ended, did not have much of a correction and has taken off again except for the fact that the volumes are not too high. The stock is one of the stronger ones in the market.

It looks good for more given the momentum we are seeing in it but the problem is that when volumes in this stock is low and it is going up like that, there is always a slight question market that crosses any investor’s mind.

Would you look at Ruchi Soya or maybe couple of other agro stocks?

None of them is as strong as this. If you just wanted to go by the trend, there is no question about this being the strongest of the lot. Ruchi Soya had corrected quite a lot. It now along with the market seems to be starting a move last few days but that is nowhere in the same league as price movements as go Sanwaria.