Tata Coffee has a history of making very sharp moves: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Tata Coffee.

Do you see more upside in Tata Coffee in today’s trade or the weekly trade?

Possibly because this stock has a history of making very sharp moves. There was one in December where within five or six sessions, it went up straight from Rs 450 to Rs 750. So this is an extremely volatile stock on the upside and maybe not so much on the downside.

It may be not such a bad risk also but rather than buying a stock after a 12% gain, better to wait for some sort of a dip before getting in. This stock also goes fairly independent of the market. So it may be not a bad portfolio addition if you do not mind the volatility.