Tyre stocks don't look good enough for further accumulation at this point: Jagannadham Thunuguntla, SMC Global Securities

"The best of the rally from the short-term perspective has more or less already come. I mean most of the momentum has already built up."

| Updated: Sep 08, 2014, 04.51 PM IST

Tyre stocks don't look good enough for further accumulation at this point: Jagannadham Thunuguntla, SMC Global Securities

In a chat with ET Now, Jagannadham Thunuguntla, Head of Research, SMC Global Securities, talks about the tyre company stocks.

ET Now: Are you recommending tyre stocks?

Jagannadham Thunuguntla: The best of the rally from the short-term perspective has more or less already come. I mean most of the momentum has already built up.

I feel there is no point in adding to it. Fresh addition maybe prevented at this level.

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