Sailing High: Market Expert Akshay Bhagwat Is Bullish On Shipping Corp & Mazagon Dock

Market expert Akshay Bhagwat, Senior Vice President of Derivatives Research at JM Financial, expresses a bullish outlook on two shipbuilding stocks, Shipping Corporation and Mazagon Dock. According to Akshay, the shipping corporation is currently positioned at a support level ranging between Rs 130 to Rs 133, indicating a favourable setup for upward movement. He establishes a target price for Shipping Corporation at Rs 145, with a stop loss set at Rs 129. Mazagon Dock is another stock that Akshay Bhagwat is optimistic about. For Mazagon Dock, he identifies a support base within the range of Rs 1,948 to Rs 1,950. Akshay sets the target price for Mazagon Dock at Rs 2,125 to Rs 2,200 on the upside.