Uflex and Venky's should be part of your portfoli: Ashwani Gujral
They should be part of your portfolio because they can go up 10% a day, they can also come down 10% a day.
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| Updated: Ashwani Gujral speaks to ET Now about Uflex and Venky's India
What would you do with two stocks - Uflex and Venky's India?
They should be part of your portfolio because they can go up 10% a day, they can also come down 10% a day. Now the market is weakening by the day and that is where the problem may come for the stocks. On their own they are good bullish stocks but in case market starts breaking 5780 then probably these will also peter out. Venky's could still get up to Rs 810, Uflex could get up to Rs 250 but today’s market action the futures premium is compressing so that shows that shorts are getting added at higher levels. So that could be a problem.
What would you do with two stocks - Uflex and Venky's India?
They should be part of your portfolio because they can go up 10% a day, they can also come down 10% a day. Now the market is weakening by the day and that is where the problem may come for the stocks. On their own they are good bullish stocks but in case market starts breaking 5780 then probably these will also peter out. Venky's could still get up to Rs 810, Uflex could get up to Rs 250 but today’s market action the futures premium is compressing so that shows that shorts are getting added at higher levels. So that could be a problem.
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