Mazagon Dock Shipbuilders Share Price: Shares of state-owned Mazagon Dock Shipbuilders rose nearly 12 percent today. The reason behind this surge recorded on June 27 is that the company has received ‘Navaratna’ status. Mazagon Dock Shipbuilders Limited has received this status from the Ministry of Finance. The share price of this defense sector company has risen rapidly in the past few years.
The company was earlier awarded Mini Ratna-1 status by the Ministry of Finance in 2006.
Govt company stocks created a stir, a massive return of 500% in 7 months
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The stock hit a 52-week high
Shares of Mazagon Dock Shipbuilders Limited opened at Rs 4095.25 on the BSE. But after some time the stock touched a 52-week high of Rs 4585. However, at market close, shares of Mazagon Dock Shipbuilders rose 8 percent to Rs. were at the level of 4415.20.
Money doubled in 90 days
Shares of Mazagon Dock Shipbuilders have seen an increase of 1541 percent in the last 3 years. At the same time, positional investors have made a 74 percent profit so far this year. According to Trendlyne data, the shares of this state-owned company have seen an increase of 134 percent in the last 3 months. That means the share price has doubled in just 90 days. Let us tell you that the shares of Mazagan Dock Shipbuilders have increased by 39 percent in one month.
The government has 84 percent stake
In the last one year, the share price of this government company has increased by 251 percent. While Sensex has increased by 25.80 percent and Nifty by 28.46 percent during this period. Let us tell you that, according to the March quarter data, the total participation of the government in the company is 84.80 percent.
The company’s 52-week low is Rs 1230.25. The market cap of this company is Rs 89,050.17 crore.