At all-time high! Mazagon Dock Shipbuilders surges 38% in 8 sessions on stellar Q4 earnings

Mazagon Dock Shipbuilders has also given multi-bagger returns in the last one year, rising as much as 245 percent. Meanwhile, it is up 34 percent in 2023 YTD, giving positive returns in 4 of the 6 months of the current calendar year so far.

Q4 Results Preview: ICICI Securities sees stable quarter for defence companies, except Bharat Dynamics

In the last week of March 2023, the Ministry of Defence (MoD) placed orders worth ₹442.4 billion, benefiting public sector undertakings (PSUs) such as Bharat Electronics, Bharat Dynamics, Garden Reach Shipbuilders &amp; Engineers, Cochin Shipyard, and Goa Shipyard.

Mazagon Dock Shipbuilders gains over 6% after net profit rises 55% in Q3

On Monday, the company reported an year-on-year (YoY) increase in standalone profit after tax (PAT) of 55% to ₹337 crore in Q3 FY23, up from ₹217.8 crore in the same period last year. The stock increased 185 percent in the last six months, surpassing the BSE PSU index by 173 percent, which gained 12.07 percent during the same period.

Mazagon Dock stock surges 190% in a year; what should investors do now?

The stock has jumped almost 190 percent in the last one year while the market sentiment has been fragile due to multiple headwinds.

Mazagon Dock Shipbuilders: This PSU stock is up by nearly 50% in last 6 trading sessions; hit an all-time high

For the June ending quarter, Mazagon Dock Shipbuilders reported a year-on-year (YoY) increase in standalone profit after tax (PAT) of 133.83% to ₹217 crore, up from ₹92.8 crore in the same period last year. Total revenue increased by nearly 33.32% to ₹2,366.5.

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At all-time high! Mazagon Dock Shipbuilders surges 38% in 8 sessions on stellar Q4 earnings

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