ABG Shipyard seems to be a 'hold': Siddharth Sedani

ET Now spoke to Siddharth Sedani, Sr Manager (Portfolio Management Services), Microsec Capital Ltd, on his stock recommendations.

ET Now: What would you do with Great Offshore and ABG Shipyard?

Siddharth Sedani: ABG Shipyard is looking very reasonably valued, trading at 5.8 times FY11 and 4.8 times FY12. It has a good amount of JVs with SLEMCO and they have little bit of inorganic growth done in the past.

So looking at these scenarios and looking at the valuations, ABG Shipyard seems to be a hold. This industry altogether seems very promising, little bit of waywardness and speculation is definitely prevailing in the sector but overall, the sector seems promising.