The share price of Mazagon Dock Shipbuilders has soared by 11%. Do you own it?

-


Stock Market Today: The relief surge in the markets also helped Mazagon Dock Shipbuilders' share price rise by 11% during intraday trading on Wednesday. Before today's surge, the market had seen a more than 20% correction in February 2025.

Change in the share price of Mazagon Dock Shipbuilders
On Wednesday, the share price of Mazagon Dock Shipbuilders began at ₹1948.55 on the BSE, which was marginally less than the closing price of ₹1961.30. Following that, the share price of Mazagon Dock Shipbuilders increased and reached intraday highs of ₹2177.5, representing intraday gains of almost 11%.

Before today, the share price of Mazagon Dock Shipbuilders has been sharply declining. With a sharp decline in the markets, the share price of Mazagon Dock Shipbuilders has corrected more than 20% in February after plunging to closing lows of ₹1961.30 on Tuesday, compared to ₹2499 at the end of January.

Extend the article's logo Go on reading

Currently, the markets' relief surge is also supporting the gains.

Developments at Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders posted strong Q3 results in February. Mazagon Dock Shipbuilders' consolidated net profit for the quarter ending December 2024 increased by 29.33% to ₹807.04 crore from ₹623.87 crore compared to the same period the previous year.

The October–December 2024 quarter saw Mazagon Dock Shipbuilders' operating revenues reach ₹3,143.62 crore, a 30% YoY increase over ₹2,362.47 crore during the same time the year before.

The operating performance of Mazagon Dock Shipbuilders improved dramatically during the December 2024 quarter. Profit before taxes and unusual items climbed 35.14% year over year (YoY) from ₹786.23 crore in the preceding quarter to ₹1,062.57 crore. Meanwhile, the figure demonstrated a noteworthy sequential growth of 43.5% over ₹740.49 crore in September 2024.

Due to order flows and expectations of more orders from the defense industry, Mazagon Dock Shipbuilders has also maintained its prominence in the media.

Comments

Post a Comment

Popular posts from this blog

Check out the most recent gold rates in your city today, March 25, 2025.

-
Image
Current Gold Rate: In Delhi, 10 grams of 24 carat gold cost Rs. 89783.0/10 grams, while one kilogram of silver costs Rs. 104000.0/kg. Gold Rate Today: On Tuesday, the gold rate dropped. The price of 24 carat gold has decreased by ₹210.0 to ₹8978.3 per gram. The price of 22 carat gold has decreased by ₹150.0 to ₹8231.3 per gram. 24 carat gold's rate has changed in the last one week by 0.2%, whereas in the last month it has changed by -2.3%. The silver rate is ₹104000.0 per kg, by ₹0.0. The current price of gold in Delhi is ₹89783.0/10 grams. The price of gold was ₹90003.0/10 grams yesterday, March 24, 2025, and it was ₹90183.0/10 grams last week, March 19, 2025. The current price of silver in Delhi is ₹104000.0/Kg. The price of silver was ₹104100.0/Kg yesterday, March 24, 2025, and ₹107200.0/Kg last week, March 19, 2025. The current price of gold in Chennai is ₹89631.0/10 grams. The price of gold was ₹89801.0/10 grams yesterday, March 24, 2025, and ₹90031.0/10 grams last week, M...
Read more

Beijing denies Donald Trump's vow to put "ADDITIONAL tariffs on China of 50%," saying that China will never accept it.

-
Image
China's commerce ministry denounced the US tariffs as errors and pledged to oppose them. The ministry urged respectful dialogue after Trump threatened to impose a 50% tax unless China retracted its 34% duty. If the US moves forward, China vows to retaliate. After President Donald Trump threatened to put extra 50% tariffs on imports from the second-largest economy in the world, China's commerce ministry announced on Tuesday that it will fight US tariffs "to the end." According to Bloomberg, a ministry spokeswoman criticized the US action, calling it "a mistake on top of a mistake" that demonstrates America's propensity for using blackmail. "This will never be accepted in China," the official said. The representative went on to say, "China will fight it to the end if the US insists on going its own way." A representative for China's commerce ministry urged the United States to resolve its differences with China through equal a...
Read more

April 2 Tech Wrap: Google Gemini, Nintendo Direct, and Motorola Edge 60 Fusion

-
Image
Details and anticipated features of the Motorola Edge 60 Fusion, which is being released today Motorola, a smartphone brand owned by Lenovo, is scheduled to launch the Edge 60 Fusion today at 12 PM. The company will reveal the device on Flipkart rather than at a special launch event. Motorola has already disclosed important information about the smartphone, including as its processor, display, and camera specifications, before the formal release. When and where to see the Nintendo Switch 2 being unveiled at the Direct event The gaming behemoth is anticipated to reveal details about the upcoming Nintendo Switch 2 at its Direct event this evening. Although the next-generation game console's features are expected today, its official introduction is probably still a ways off. Google Project Astra: How to use Gemini Live to share the screen and camera of your phone For Android smartphones that have a Gemini Advanced subscription, Google has unveiled Gemini Live, a new feature under...
Read more