Tilak Nagar Industries is an interesting stock : Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about liquor stocks.

Talking about the liquor stocks, Tilaknagar Industries and Jagatjit Industries, the United Breweries Group all of these have done very well in trade today. Is there anything brewing?

Tilaknagar Industries has had a very good sort of a multi-year bull market. It has been going up since 1997 and it was of an adjusted price which is barely 20 paisa at that time. So it has been obviously multiplying a lot year after year and it has been continuing that run. So this is an interesting stock though a low volume stock.

United Breweries, United Spirits have been a little quite till today but I think today we are seeing turnaround in the market. We had this 2 day correction and it all started to change in the last one hour or so. Europe has also moved out from the red into the green. So we are beginning to see in the last hour or two lot of stocks beginning new move. So I would put these liquor stocks in that category it’s a fresh brew.