Exit ABG Shipyard, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "The results of ABG Shipyard were very bad and the only buzz in this stock used to be that there was news that somebody would be looking to buy into it. So, from that perspective, it is a very volatile stock."She further added You do see it making these wild swings, because once again some buyer coming in, maybe the stock could move up. But very honestly, to my mind makes more sense to exit this stock and to really enter into a stock where leverage is less, better quality, everything like that, so that you are assured that at least in five yeas’ time, you should make decent money on a long-term investment."