Trade Uflex for short term: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Uflex.

What is the call on Uflex?

Uflex was quite popular with traders towards the end of last year but after that it came down rather too sharply for one’s liking from almost Rs 400 to almost Rs 100.

So that is even for a bear market a rather sharp sell off. All this tells us that fine, it is a very volatile stock and can shoot up very quickly but the downside risk on a stock like this is quite high. So if somebody does want to trade it, I would just stick to the short or medium term at best.