Stay invested in Welspun, Alok and Arvind : Deepak Mohoni
There is no reason to switch from Welspun. A lot of the losses made in the recent past will come back, not necessarily all of them and all stocks, but stocks are generally on a roll.
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| Updated: In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his investment ideas.
What is the call on Nahar Spinning, Welspun, Arvind and Abhishek Inds?
They are all up. Welspun Industries is up 7.5% so that has been the biggest gainers. It has also been the strongest of all the rest among the stocks, but otherwise there is nothing outstanding. If you look at the market today, any piece of great news and stocks are up 10-15%. So, from that point of view, it has just taken it in its stride but that is not such a huge impact on them as seen in with some of the other sectors, paper, for example.
Broadly speaking, if somebody who was invested into Welspun versus Alok or Arvind, should he continue with his investment in Welspun?
Yes, there is no reason to switch. In fact, there is no reason to switch from any stocks from any sector everything is going up. A lot of the losses made in the recent past will come back, not necessarily all of them and all stocks, but stocks are generally on a roll. If you look at the last week, there are a good number of stocks that are up 25-30%. Even a stock like Tata Coffee has started a big move again. It was up 6% yesterday and is up 5% today. So, all these stocks are moving up and very strongly so.
What is the call on Nahar Spinning, Welspun, Arvind and Abhishek Inds?
They are all up. Welspun Industries is up 7.5% so that has been the biggest gainers. It has also been the strongest of all the rest among the stocks, but otherwise there is nothing outstanding. If you look at the market today, any piece of great news and stocks are up 10-15%. So, from that point of view, it has just taken it in its stride but that is not such a huge impact on them as seen in with some of the other sectors, paper, for example.
Broadly speaking, if somebody who was invested into Welspun versus Alok or Arvind, should he continue with his investment in Welspun?
Yes, there is no reason to switch. In fact, there is no reason to switch from any stocks from any sector everything is going up. A lot of the losses made in the recent past will come back, not necessarily all of them and all stocks, but stocks are generally on a roll. If you look at the last week, there are a good number of stocks that are up 25-30%. Even a stock like Tata Coffee has started a big move again. It was up 6% yesterday and is up 5% today. So, all these stocks are moving up and very strongly so.
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