Would avoid Hindustan Motors for long term: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Hindustan Motors.

What are your views on Hindustan Motors?

This stock was really languishing. It was not really falling but it was going sideways all this while barely managing to stay above 20. So this is purely news-driven, but if you look back a little bit, the interest has developed since, say, around the end of May. So we have a bit of an upturn here, but I would not really venture into this stock apart from very short to medium term. The long term trend in this stock is not in the same league as Tata Motors or Mahindra’s which have better options.