President of India’s Portfolio Gains 10162,72,59,010 from this Multibagger Defence Shipbuilding Stock; Hits 52-Week High with Strong Order Book of Rs 34,787 Crore
The stock gave multibagger returns of over 190 per cent from its 52-week low of Rs 1,186.18 per share and a whopping 2,400 per cent in 3 years.
On Friday, shares of Mazagon Dock Shipbuilders Limited (MDL) jumped 9.75 per cent to an intraday high of Rs 3,492.45 per share from their previous closing of Rs 3,182.25 per share. The stock also made a 52-week high of Rs 3,492.45 per share while its 52-week low is Rs 1,186.18 per share. The company's shares saw a spurt in volume by more than 1.05 times on the BSE.
The buzzing stock name is Mazagon Dock Shipbuilders Limited (MDL)
Mazagon Dock Shipbuilders Limited (MDL), a renowned Indian shipyard established in 1774, has a rich history of building a wide range of vessels, including warships, submarines, cargo/passenger ships, and offshore platforms. Having constructed over 800 vessels since 1960, MDL has consistently demonstrated its shipbuilding prowess. In recognition of its significant contributions to India's Defence industry, MDL was conferred the prestigious 'Navratna' status in June 2024, joining the ranks of India's top-performing public sector enterprises. This elevation is a testament to MDL's strong financial performance, consistent track record, and commitment to strengthening India's defence capabilities.
Recently, the President of India sold 1,45,63,465 shares or 3.61 per cent stake via OFS and decreased its stake to 32,76,18,501 shares or 81.22 per cent. In just 1 day, the President of India’s portfolio gains 10162,72,59,010 from this multibagger defence shipbuilding stock (32,76,18,501 shares x Rs 310.20 per share gain).
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Earlier, the shares of the company ex-traded stock split in the ratio of 1:2, i.e., the existing 1 equity share of the face value of Rs 10 each fully paid up shall be subdivided/ stock split into 2 equity shares of the face value of Rs 5 each fully paid up. The record date for the stock split was Friday, December 27, 2024.
According to its Quarterly Results, the net sales increased by 33 per cent to Rs 3,143.62 crore and net profit increased by 30 per cent to Rs 768.22 crore in Q3FY25 compared to Q3FY24. Looking at its nine-month results, the net sales increased by 30 per cent to Rs 8,257.47 crore and net profit increased by 68 per cent to Rs 1,986.92 crore in 9MFY25 compared to 9MFY24 In its annual results, the net sales increased by 24 per cent to Rs 10,568.05 crore and net profit increased by 73 per cent to Rs 1,936.97 crore in FY24 compared to FY23. As of December 31, 2024, the company is debt-free.
The company has a market cap of over Rs 1,40,000 crore and as of December 31, 2024, the company’s order book stands at Rs 34,787 crore. The stock gave multibagger returns of over 190 per cent from its 52-week low of Rs 1,186.18 per share and a whopping 2,400 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.