Shree Ashtavinayak doesn't have great prospects: Deepak Mohoni

Shree Ashtavinayak is down 85% since Diwali. If somebody has bought the stock at higher price, there is not really much he can do about it.

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his trading calls.

What is your call on Shree Ashtavinayak?

Shree Ashtavinayak is down 85% since Diwali. The trouble with the circuit system is that whereas the circuit has been put in to prevent manipulation of stocks — to prevent stocks from being raised in price unfairly - it punishes shareholders with the downside circuit. If somebody has bought the stock at higher price, there is not really much he can do about it.
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