Shipping stocks will go up with market: Deepak Mohoni
If somebody is holding these stocks, I would say don't panic, there is no need to rush out of them, they will go up with the market.
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| In a chat with ET Now, Deepak Mohoni, director, trendwatchindia, shares his views on the outlook of shipping stocks.
Do you like any of the shipping counters?
Not really. Some of these stocks, which were looking quite weak about a month ago, like GE Shipping, have finally stopped falling, and are rising with the market. If somebody is holding these stocks, I would say don't panic, there is no need to rush out of them, they will go up with the market, but I do not see them very much as trading long-term picks right now.
Do you like any of the shipping counters?
Not really. Some of these stocks, which were looking quite weak about a month ago, like GE Shipping, have finally stopped falling, and are rising with the market. If somebody is holding these stocks, I would say don't panic, there is no need to rush out of them, they will go up with the market, but I do not see them very much as trading long-term picks right now.
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