Zee Entertainment good for intra-day play: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his investment ideas.

What is the call on DB Corp and some of the media stocks?

DB Corp has been fluctuating around Rs 250 since it got listed over a year ago. It has gone as high as Rs 300 and dropped to about Rs 220, but it keeps coming back to about Rs 250 which is also its current price. It is really very sideways which is also very unusual for the industry.

Among media stocks, Zee had made some promising moves but it is correcting now with the market. If it starts off this move again once the market correction is over, that could be interesting. But overall, all media stocks provide good trading opportunities. I would not put any of them in the category of good long-term investment stock.