Enter Reliance Naval around Rs 28-30: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "Although Reliance Naval and Engineering seemingly has some good projects up on its sleeve but looking at the market conditions and the entire ADAG pack we can see some kind of a sell-off happening and so I think that if somebody needs to enter Rs 28-30 would be the level I would suggest where you can get into Reliance Naval with a longer term perspective. But I think that there could be some kind of sell-off and a correction even from these levels."

Reliance Naval and Engineering ended at Rs 40.65, up Rs 2.20, or 5.72 percent on the BSE.