Monday, 17 November 2008

Sell Unitech on rallies: Mohindar

Rahul Mohindar of Viratechindia is of the view that one should sell Unitech on rallies.

Mohindar told CNBC-TV18, "One of the key things for this stock is that not to try and catch a bottom at this stage because these stocks look negative from a medium to long term aspect and even if the market gets into a fairly good recovery mode or some kind of a medium term uptrend, I don’t see real estate as a sector that’s going to be rallying up so I would probably like to exit on declines and I would stay away from a stock like Unitech whilst one may see a 5% or 8% type of bounce back but again it’s a rally to exit."

Source: Moneycontrol

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