Mazagon Dock Shipbuilders Ltd (MAZDOCK)

Mazagon Dock Stock Could Benefit from Defence Budget Increase - 23 Jul, 2024

Mazagon Dock Shipbuilders Ltd is expected to benefit from increased budgetary allocations for defence companies, potentially leading to a rise in stock prices. The company has already delivered significant returns of 150-200%.

Defence Stocks Rally Ahead of Union Budget 2024 - 22 Jul, 2024

Shares of shipbuilding companies, including Mazagon Dock Shipbuilders Ltd, led a rally in defence stocks ahead of the Union Budget 2024 presentation. The budget is expected to focus on ambitious military modernisation and indigenisation goals.

Mazagon Dock Shipbuilders Reports Strong Order Book and Revenue Growth - 20 Jul, 2024

Defence stock Mazagon Dock Shipbuilders Limited has reported a strong order book of Rs. 38,561 Crores for designing, manufacturing, other works, and supplying Ships and Submarines. Its revenue from operations grew by 49.32 percent YoY to Rs. 3,103.65 Crores in Q4FY24, accompanied by profits of Rs. 654.33 Crores. The company is debt-free with high return ratios.

Mazagon Dock Shipbuilders Receives Sell Rating From Nirmal Bang - 19 Jul, 2024

Brokerage firm Nirmal Bang has issued a sell rating and cut its target price for Mazagon Dock Shipbuilders Ltd, citing expected falls in defence stocks. The company is also vying for a Rs 70,000 crore order from the Defence Ministry to manufacture warships for the Indian Navy.

Mazagon Dock Shipbuilders Leads Race for ₹70,000 Crore Warships Order - 18 Jul, 2024

Mazagon Dock Shipbuilders and Garden Reach Shipbuilders are leading the race to secure a ₹70,000 crore warship order from the Indian Defence Ministry. The advanced frigates will have high indigenous content, boosting sub-suppliers and vendors who will get a major share of the work.

Mazagon Dock Shipbuilders Reports Strong Q4 Results - 15 Jul, 2024

Mazagon Dock Shipbuilders reports a surge of 101% YoY in Q4 net profit and an estimated future ROE of 29%. However, shares fell nearly 3% due to profit booking after a sharp run-up.

Mazagon Dock Shipbuilders to Invest in Infrastructure Expansion - 12 Jul, 2024

Mazagon Dock Shipbuilders plans to invest Rs. 2,500-Rs. 3,000 crores over the next 3-4 years to expand its shipbuilding yard and infrastructure facilities for defence sector projects.

Mazagon Dock Shares Surge Ahead of Union Budget - 11 Jul, 2024

Mazagon Dock Shipbuilders has seen gains as Indian defence companies benefit from increased government contracts and higher defence spending. The company's stock is expected to continue rising ahead of the upcoming Union Budget, with Axis Direct recommending investors buy shares before July 23.

Mazagon Dock Stock Corrects After Reaching All-Time High - 10 Jul, 2024

Mazagon Dock Shipbuilders' stock reached an all-time high of Rs 5,859.95 per share on July 5th, generating multi-bagger returns over the past year and six months. However, the stock corrected by 10% from its record high level, declining for three consecutive days, along with peers Cochin Shipyard Ltd. and Garden Reach Shipbuilders also trading with losses.

Mazagon Dock Shipbuilders' Market Cap Crosses ₹1 Lakh Crore - 09 Jul, 2024

State-owned Mazagon Dock Shipbuilders' market capitalisation crossed ₹1 lakh crore on July 4 after the stock surged to a lifetime high of ₹5,623.50 on the BSE. The rally was attributed to inflows from new defence-specific mutual funds and expectations of increased focus on the sector during the forthcoming budget.

Mazagon Dock Secures Order and Plans Investment - 08 Jul, 2024

Mazagon Dock Shipbuilders Ltd. has gained 145% YTD with a market cap of Rs 1,15,702 crore. The company secured an order for 6 vessels and plans to invest Rs 2,500-3,000 crores in new infrastructure.

Defence Sector Focused on Indigenous Programmes, Mazagon Dock to Benefit - 07 Jul, 2024

Analyst Santosh Singh predicts that the share price of defence companies will rise as the government continues to focus on indigenous programmes. Mazagon Dock Shipbuilders is expected to benefit from these initiatives, but investors are advised to buy on a 10-15% correction.

Mazagon Dock Stock Surges Amid Strong Financials and Valuation - 06 Jul, 2024

Shares of Mazagon Dock Shipbuilders surged by 4.6% to hit a new 52-week high on BSE after strong Q4 FY23-24 financial results. The company generated Rs. 3,103.6 crore in operating revenue, up 49.3%, with net profit growing by 111.2%. Additionally, its EV is valued at $12.03 billion, almost as much as Huntington Ingals despite lower revenue.

Mazagon Dock Shares Surge 151% - 05 Jul, 2024

Mazagon Dock Shipbuilders' shares have surged 151% in 2024, with its market capitalization exceeding Rs 1.15 lakh crore. The rally is attributed to inflows from new defence-specific mutual funds and expectations of increased focus on the sector during the forthcoming budget.

Mazagon Dock Shares Surge on Record Market Cap - 04 Jul, 2024

Shares of Mazagon Dock Shipbuilders have surged over the past week, crossing the Rs 1 lakh crore market capitalization mark and hitting a record high of Rs 5,580 per share. The company was recently granted Navratna status by the Department of Public Enterprises, allowing it greater investment flexibility. Analysts predict continued growth for the stock, with a one-year target of Rs 6,500.

Indian Government to Sell 9.8% Stake in Mazagon Dock Shipbuilders - 03 Jul, 2024

The Indian government plans to sell its excess 9.8% stake in Mazagon Dock Shipbuilders to comply with Minimum Public Shareholding norms, potentially fetching nearly ₹9,200 crore at Wednesday's high of ₹4,650 per share.

Mazagon Dock Faces Stake Sale Via OFS - 28 Jun, 2024

The government plans to sell small stakes in select state-run companies, including Mazagon Dock Shipbuilders Ltd, through an offer for sale (OFS) this fiscal year. Anand Rathi listed Mazagon Dock as a key player for the Indian Navy.

Mazagon Dock Shipbuilders Hits Record High After Navratna Status - 27 Jun, 2024

Shares of Mazagon Dock Shipbuilders surged nearly 12% to a lifetime record-high after being awarded Navratna status by the finance ministry. The defence PSU has provided multi-bagger returns over the last one-to-three-year periods.

Mazagon Dock Shipbuilders Granted Navratna Status, Stock Rallies - 26 Jun, 2024

Mazagon Dock Shipbuilders has been granted Navratna status by the Department of Public Enterprises, allowing it to invest up to Rs 1,000 crore without requiring approval from the central government. The company's stock rallied nearly 7.5% and hit an all-time high of Rs 4,271.

Mazagon Dock Shipbuilders Granted Navratna Status - 25 Jun, 2024

Mazagon Dock Shipbuilders has been granted Navratna status, becoming the 18th PSU to receive this designation. As a Navratna company, it can invest up to ₹1,000 crore without central government approval and form joint ventures and subsidiaries abroad. An ICICI Securities analyst maintained a sell rating on the stock with a price target of ₹900, implying over 70% potential downside from current levels. The stock ended little changed at ₹3,973.95.