Sujana Towers on a steady uptrend: Deepak Mohoni
It has been in a steady uptrend since December but there are times when the stock goes down pretty quickly. It had done 8 or 10 lower circuits in a row just before this rally in December began.
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| Updated: Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, talks about Sujana Towers
What is the call on Sujana Towers?
It has been in a steady uptrend since December but there are times when the stock goes down pretty quickly. It had done 8 or 10 lower circuits in a row just before this rally in December began, but right now, it is holding out rising tops bottoms more or less. It has risen from about Rs 20 which is the low it reached in December to its current price of just under Rs 35. So it is in a steady not spectacular uptrend but the investor risk here remains. It is occasional propensity to go into lower circuits.
What is the call on Sujana Towers?
It has been in a steady uptrend since December but there are times when the stock goes down pretty quickly. It had done 8 or 10 lower circuits in a row just before this rally in December began, but right now, it is holding out rising tops bottoms more or less. It has risen from about Rs 20 which is the low it reached in December to its current price of just under Rs 35. So it is in a steady not spectacular uptrend but the investor risk here remains. It is occasional propensity to go into lower circuits.
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