Switch from Piramal Lifesciences to some other pharma stocks for long term: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in a chat with ET Now talks about Piramal Lifesciences and Suven Lifesciences.

Two stocks that were in focus all this while one was Piramal Lifesciences and one was Suven Lifesciences. Now for investors that invested in these two counters, say a week or two weeks back, now where do they stand?

Piramal Lifesciences is still in an uptrend, it has just gone a little quieter after that huge move. As a long-term investor, play it safe and switch out to may be some other pharma stocks, which may not fall as much if the stock starts correcting, that is the general strategy that is safer. If you have a stock that suddenly shoots up 20-30% in a couple of days out of the blue and not after a sustained uptrend, then take the profit move into something, which is in a more steady sort of uptrend not making these sudden moves.