Stay away from Shipping Corporation: Kunal Saraogi
"There is no buy trigger here, so you should not be buying the stock absolutely."
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| Updated: Kunal Saraogi, CEO, equityrush.com, talks to ET Now on various stocks.
What is your call on Shipping Corporation?
As for Shipping Corporation, this is a stock, which will at some point find some value and would start getting some kind of buying activity but we have not seen that happen yet, so Shipping Corporation too for the time being of course could continue to go down. There is no buy trigger here, so you should not be buying the stock absolutely.
If it starts to settle down close to these levels, then you might actually look to buy but for now one should stay away from both of them.
What is your call on Shipping Corporation?
As for Shipping Corporation, this is a stock, which will at some point find some value and would start getting some kind of buying activity but we have not seen that happen yet, so Shipping Corporation too for the time being of course could continue to go down. There is no buy trigger here, so you should not be buying the stock absolutely.
If it starts to settle down close to these levels, then you might actually look to buy but for now one should stay away from both of them.
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