MAZAGON DOCK SHIPBUILDERS SHARE PRICE: PSU DEFENCE STOCK HITS ALL-TIME HIGH! M-CAP TOPS RS 1 LAKH CRORE

Mazagon Dock Shipbuilders Share Price: Mazagon Dock Shipbuilders, a PSU defence stock, today jumped more than 6 per cent to hit an all-time high. The stock opened at Rs 4,715.10 on NSE as against the previous close of Rs 4,684.55. A firm buying was seen in the counter as hit a new high of Rs 4,989.95, up 6.52 per cent.

Around 11:30 AM, Mazagon Dock shares traded close the day's high, quoting at Rs 4,932 apiece. As many as 72 lakh shares of the company changed hands around the same time. Mazagon Dock shares are gaining for the past two sessions, having delivered a return of 14 per cent. The scrip is trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Today's rally helped the company to touch a market capitalisation of Rs 1 lakh crore.

Mazagon Dock IPO Details

Mazagon Dock Shipbuilders is a Navratna PSU under the administrative control of Ministry of Defence. Its IPO was launched in October 2020. The company offered its equities at Rs 145 apiece in the primary market. Since then, the counter has delivered a mega return of more than 3,300 per cent to its investors.

Mazagon Dock Share Price History

Going y BSE analytics on July 4, Mazagon Dock shares have delivered a multibagger return of 125 per cent in just three months. In one year, the defence stock has spurted 285 per cent. In the last two and three years, Mazagon Dock shares have made its investors wealthier by 1,834 per cent and 1,907 per cent, respectively.

Mazagon Dock is primarily engaged in building and repairing of ships, submarines, various types of vessels and related engineering products.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-07-04T06:42:12Z dg43tfdfdgfd