Buy shipping stocks on dips: Gurunath Mudlapur

Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd. in an interview with ET Now talks about shipping stocks.

What is your take on the shipping counters particularly ABG Shipyard and also Bharti Shipyard?

I think the shipping stocks should do well and the business for them is set to grow and last year it was good even the current year is going to be good so from that perspective all the stocks in the sector should do well. In the entire sector I think the strategy would be to hold on to the investments or to make marginal buys when the stocks dip but I think it’s a long and a buy call for the sector so even ABG Shipyard I think it’s a buy for us at this stage.