Stay clear of REI Agro stocks: Deepak Mohoni

In an exclusive interview with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talked about REI Agro and RCF. Excerpts:

REI Agro and RCF, what would you do with these two stocks?

REI Agro, it is extremely choppy over the last 6-7 weeks. It had a good move up from 25-35, it has come back half the way down, so it is not really trending very much in the last month or two, so you cannot do too much with it but if you want to look at a longer term trend, that's not so good. It has been coming down for a while, it was over Rs. 100 a couple of years back, it is less than half that price now, it has not had a very good bull market, so I would really stay clear of REI Agro. It does not look good, short, medium or long term at the moment.