Welspun Corp good long-term stock : Ashwani Gujral

What do you think of Welspun Corp?

Ashwani Gujral: Welspun has corrected quite a bit, it was one of those tainted stocks, so now it has decent support around levels of say about 160, so with that kind of support, probably in a good market it can go back up to 215-220 but mid caps have to start performing for that, so that’s a caveat. It has corrected quite a bit, it is a good stock, it is a metal-related stock, so people can get in for the longer term.

Sujana Towers, do you happen to track that on the charts?

Ashwani Gujral: Metal and metal-related stocks are likely to do well but Sujana Towers from the data that I have, it is a 5% circuit stock but if you get trapped on the other side, you can get into trouble, so generally speaking I would like to avoid it because either it is on a down circuit or on a up circuit because that’s not a very good stock to be trading in because you cannot exit if there is a problem.