Jain told CNBC-TV18, "I would stay off ABG Shipyard, Bharati Shipyard. I am basically seeing that they are bull market stocks and I would probably stay out, the story has played out. There are better stocks to play even for pullback and so I would avoid being into them."
At 10:32 am, ABG Shipyard was quoting at Rs 268.70, up Rs 6.05, or 2.30% with volumes of 164,154 shares. Its marketcap was Rs 1,368.27 crore. Currently it is 276.07% above the 52-week low of Rs 71.45.
The company's trailing 12-month (TTM) EPS was at Rs 44.92 per share. Its price-to-earnings (P/E) ratio stands at 5.98 on BSE.
