Avoid shipping stocks: Daljeet Singh Kohli, HoR, India Nivesh

In a chat with ET Now, Daljeet Singh Kohli, HoR, India Nivesh, shares his view on shipping sector.

ET Now: Is shipping a turnaround sector at all, do you track any of the shipping names or the sector at large?

Daljeet Singh Kohli: We will start looking at it only once the China numbers start improving because most of these things are dependent purely on the trade with China and unless that happens there is no merit in looking at these stocks.

These temporary moves can come and right now everything is moving. Market participants are looking for alternatives because front liners have already moved, midcaps have moved so now we have to find value hunting so that is making these stocks move. We would still avoid probably all these.