Exit ABG Shipyard, says Kunal Saraogi

Kunal Saraogi, CEO at Equityrush told CNBC-TV18, "We have got a big moves today on ABG Shipyard and given the kind of volume that we have seen last couple of days, the stock could easily get to Rs 290 levels, but I would recommend that the investor to exit."

"In case one is holding the stock, it’s an underperforming stock and we have seen these flash in the pan kinds of moves on this once in a while but the overall direction remains bearish. Therefore, I am not convinced that the stock will outperform the market. I think one should look to exit on rallies," he added.