Mohindar told CNBC-TV18, "My own sense is that Bharati Shipyard is a good bet even now and if you want to choose to average out, it is not a bad idea. It has support at Rs 240-250. I would not be too apprehensive even getting in at these levels, so probably one strategy could be to average out or the other one could obviously be to hold on to your stock with Rs 235 kind of stoploss."
He further added, "In terms of levels an immediate target Rs 320-330 is what I would look in the next four months but I think we would conquer the previous highs of Rs 350 if you give it that frame of nine-twelve months. So my sense is long-term it is a good story to be in, it is good you have the time frame, hang in with a Rs 230 stoploss."
At 1:25 pm, the share was quoting at Rs 276.20, up Rs 3.75, or 1.38% with volumes of 230,361 shares. Currently the share is trading 519.98% above the 52-week low of 44.55. Its market cap is of Rs 761.46 crore.
