Stay away from Aban Offshore: Kunal Saraogi

Kunal Saraogi of Equityrush told CNBC-TV18, "Aban Offshore has definitely given a good tick up but I am not convinced because there is a lot of ground that the stock needs to cover before you can say that the stock is finally come out of woods. Same goes for S Kumars. I am not a big fan of the stock; it has been an ranked underperformer. So, I think one should rather stay away from both these stocks."

Aban Offshore touched its 52-week high Rs 939.90 and 52-week low Rs 383.90 on 08 July, 2014 and 30 January, 2014, respectively.