New Delhi: As the stock market indices BSE Sensex and Nifty continue to scale new heights, market expert Santosh Singh advised the investors to make investments stock specific and not index. The expert suggested investors to trade cautiously as share prices of several companies have gone up and are set to announce their Q1 Results of 2024-25. When the financial results of the companies are not up to the expectations, a significant fall in share price is almost certain, he asserted.
Appearing on Money9, the market expert took questions from the shareholders and advised them on how to trade on Mazagon Dock Shipbuilders, Zen Technologies, Happy Forgings, and KPI Green Energy.
Mazagon Dock Shipbuilders share price
Santosh Singh backed defence stocks saying that the share price of the companies engaged in the defence sector is expected to rise as they will continue to get orders from the government as the regime is focused on indigenous programme. Mazagon Dock Shipbuilders will also benefit from the government’s initiatives, however, he advised the interested investors to buy the stock on a correction of 10-15 per cent from the current levels. Mazagon Dock share price closed at Rs 5,653.10 on NSE on July 5, 2024. The scrip has rallied over 330 per cent in the last one year.
Zen Technologies share price
The expert said Zen Technologies is also involved in the defence sector. He maintained that the stock is on the highest side and advised to book profits by maintaining a Stop Loss of 5 per cent from the current levels. The scrip closed at Rs 1,409 on NSE on 5th July. Zen Technologies share price have surged over 230 per cent in the last 1 year.
Happy Forgings share price
Happy Forgings shares have been performing ever since listing. Singh advised the shareholders to hold on to the stock as the companies’ financials are good. He advised to safeguard the profits by setting the Stop Loss at Rs 1,250. The scrip closed at Rs 1,266 on July 5.
KPI Green Energy share price
The market expert backed the stocks engaged in the renewable sector. He advised the KPI Green Energy shareholders to hold the shares as renewable sector is going to grow in a large scale. He said the company’s future is bright as it is engaged in the business of wind and solar projects. KPI Green Energy share price closed at Rs 1,784 on NSE on 5th July.
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Stock Market expert Santosh Singh expressed his views on share price of Mazagon Dock Shipbuilders, Zen Technologies, Happy Forgings, KPI Green Energy Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
