Hold Dredging Corporation, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Something seems to be happening on this divestment thing where government is probably now becoming keen to sell strategic stakes. That is real divestment, not selling to LIC. So if that is the case and that happens for a lot of companies, even on Dredging Corporation, above Rs 700, there is still scope for it to even go to Rs 900. So given that river linking etc. has been taken very seriously, I think one should hold on."

"There will come a time when these stocks will reward people a lot. This is the only segment which has not really done well in this bull market. So now that they have started moving, I think it is time to hold on. So keep Rs 650 type of a stoploss and expect higher levels," he said.