2nd Interim Dividend of Rs 3: Can This Navratna PSU Stock Hit Rs 3,000 By Record Date April 16?

Mazagon Dock Shipbuilders Limited is a firm that produces offshore platforms and related support vessels for offshore oil drilling, as well as warships and submarines for the Indian Navy. It is among India's top shipbuilding yards. A vast array of products for both domestic and international clientele is included in the company's current portfolio of designs. The public sector enterprise (PSU) Mazagon Dock Shipbuilders Limited (MDL) is classified as a "Navratna" entity. Following the Board's announcement of the second interim of Rs. 3/-per equity for the FY 2024-25, Mazagon Dock Shipbuilders' shares closed Tuesday's trading session on the NSE 2.14% higher at Rs 2,367 per share, with a market capitalization of Rs 95.15KCr.

Mazagon Dock Shipbuilders Dividend

"In terms of Regulation 30 and Regulation 42 of the SEBI (LODR) Regulations 2015, we wish to inform that, the Board of Directors of the Company in its meeting held on 08 April 2025 has inter-alia, approved the following: 1) Appointment of Shri. Ruchir Agrawal, Director (Finance) (DIN: 10166533) as Chief Financial Officer of the Company and; 2) Declaration of 2nd Interim Dividend of Rs. 3/- per equity share of Rs. 5/- each fully paid-up for the Financial Year 2024-25. Further, the Company has fixed Wednesday, 16 April 2025 as "Record Date" for the same. The payment of 2nd Interim Dividend shall be completed on or before 07 May 2025," said Mazagon Dock Shipbuilders in a stock exchange filing.

Mazagon Dock Shipbuilders News

"In of terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Mazagon Dock Shipbuilders Limited (MDL) recorded a turnover of Rs. 10,775.34 Crores approx. (provisional and unaudited) for the financial year ended on 31 March 2025 (corresponding figure for the previous year was Rs. 9466.58 Crores)," Mazagon Dock Shipbuilders informed stock exchanges on Tuesday.

Mazagon Dock Share Price Target

According to Mandar Bhojane - Equity Research Analyst at Choice Broking, "MAZDOCK is currently trading around Rs 2,360. The stock recently broke out of a failed descending triangle pattern. After hitting a recent swing high, the price corrected nearly 20% and found strong support near the Rs 2,200 level. From this support, the stock has staged a healthy rebound. If the price sustains above Rs 2,300, it may trigger a fresh upside breakout, potentially crossing above the Rs 2,600 level. A decisive breakout above Rs 2,600 could open the gates for a further rally towards the Rs 3,000 mark."

"On the downside, the Rs 2,300 and Rs 2,200 levels will act as immediate support zones. The stock is trading above both its 50-day and 200-day exponential moving averages (EMA), which indicates a continuation of the long-term bullish trend. The RSI is currently at 45 and trending upward, signaling improving momentum. For prudent risk management, a stop-loss can be placed at Rs 2,160," Mandar Bhojane further recommended.

On the other side, Riyank Arora - Technical Analyst - Mehta Equities Limited said, "Mazagon Dock Shipbuilders is showing a bullish outlook with strong buying interest at current levels around Rs 2364. The stock has support at Rs 2300, which also acts as a stop-loss level. If momentum is sustained, upside targets of Rs 2450 and Rs 2500 look achievable in the near term. Positive trend supported by strong volumes and technical strength."

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