From Rs 290 to Rs 880: The stock has gained more than 200 per cent in just 6 months. Today, it traded at a new 52-week high
The stock has increased by more than 200 per cent, while the BSE Sensex has increased just by 13.80 per cent in 6 months.
Shares of Mazagon Dock Shipbuilders Ltd closed at Rs 880.90, up by 1.65 per cent. Today, this stock has traded its new 52-week high of Rs 913.85. In addition, the company's stock has risen significantly, hitting 52-week high back-to-back and trading volumes soaring since the beginning of the month.
According to annual financial figures, in comparison to FY22, when the net profit was only Rs 453.47 crore, it dramatically increased to Rs 563.11 crore or 24.2 per cent, in FY23. The company also declared an interim dividend of Rs 9.1 per share and a final dividend of Rs 1.63 per share to its shareholders in FY23. The company reported positive results, resulting in a volume spurt of over 2 times today on BSE.
Mazagon Dock Shipbuilders Ltd is primarily engaged in building & repairing ships, submarines and various types of vessels and related engineering products for various domestic and international clients. It was incorporated as a private limited company in 1934 and was taken over by the Government of India in 1960.
The stock has increased by more than 200 per cent, while the BSE Sensex has increased just by 13.80 per cent in 6 months. Investors must keep an eye on this stock.