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Keep Rs 140 stoploss in GMR Infra: Mohoni
2008-05-21 10:06:27 Source : Your Stocks/CNBC-TV18
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Technical Analyst, Deepak Mohoni is of the view that in GMR Infrastructure one should keep Rs 140 stoploss.
Mohoni told CNBC-TV18, "GMR Infrastructure has fallen so much from Rs 260 to Rs 140 even below that. But I don’t think one should go around accumulating the same stock, it is always better to have a slightly more diversified portfolio. As far as this stock is concerned the investors need to have an exit strategy, stoploss of Rs 140 would be an appropriate, one below it’s a 2-3 months low and would implies no longer in an uptrend. So I think we should think of a stoploss here and get into some other stock for diversification."
Disclosure: Analyst doesn't hold the above stock.
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