Mazagon Dock Shipbuilders, a zero-debt defence and shipping PSU giant is nearing its 52-week high of Rs 5,860 that was recorded post general election outcomes in July. On December 12, 2024, the stock reclaimed its Rs 5,000 mark and ended higher. The stock has been on a gaining spree in the past 1 month, surging by a whopping 22.3% on BSE. The PSU is going to be in trend in the next few days as well because Mazagon Dock is going to split for the first time. The ratio is 1:2. Ahead of ex-split, brokerage Prabhudas Lilladher has recommended buying on Mazagon Dock for the December 13th trading session.
Mazagon Dock Shipbuilders Share Price:
On NSE, after market hours, Mazagon Dock's share price closed at Rs 4,955.50 apiece, up by 0.7% with a market cap of Rs 99,947.48 crore. The company crossed Rs 1 lakh crore market cap after it hit the day's high of Rs 5,063 apiece. The stock is closing its gap towards a 52-week high of Rs 5,860 apiece.
Year-to-date, as per NSE data, the stock's periodic low is Rs 1,795.40 apiece which was recorded on March 14, 2024, while its highest level is Rs 5,860 apiece that was posted on July 5, 2024. The stock started the year with price level of Rs 2,287.70 apiece on January 1, 2024.
From its periodic low of Rs 1,795.40 to the day's high of December 12, Mazagon Dock has given 181.9% returns so far, making many investors rich. Compared to the current closing price, the stock has zoomed by 176%. From the January 1st price level, now Mazagon Dock has given 116.42% returns.
BUY Mazagon Dock On December 13:
Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher has selected Mazagon Dock as its top pick for the December 13th trade session. The analyst suggests buying for a target price of Rs 5,170 with a stop loss of Rs 4,870. This will be a potential of over 4% upside on Mazagon.
As per Trendlyne, the consensus recommendation from 3 analysts for Mazagon Dock Shipbuilders Ltd. is HOLD. EPS is expected to grow by 39.9% in FY25. Some of the key fundamentals of the stock are - Return on Equity(ROE) for the last financial year was 31.02%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit. Also, Mutual Fund Holding increased by 0.08% in the last quarter to 0.76, while Interest Coverage Ratio is 490.84, higher than 1.5, which means that it is able to meet its interest payments comfortably with its earnings (EBIT).
Additionally, Promoter Share Holding stayed the same in the most recent quarter at 84.83%. Also, Promoter Pledges are zero, the data highlighted.
Mazagon Dock Shipbuilders Stock Split:
The defence giant has announced a stock split in the ratio of 1:2. This means the sub-division off of existing 1 (One) Equity Share of the face value of Rs.10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of the face value of Rs. 5/- (Rupees Five Only) each fully paid up.
The record date to determine the eligibility of shareholders for the stock split is fixed on Friday 27 December, 2024.
Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
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