April 4, 2025April 4, 2025 Shares of Mazagon Dock Shipbuilders Ltd dropped more than 6% on Friday, 4 April, following the government’s announcement of an offer to sell a 4.83% stake in the state-run defence company. According to a stock market announcement, the Indian government would sell up to…
November 6, 2024November 6, 2024 Shares of Mazagon Dock Shipbuilders Ltd soared 3% on Wednesday, 6 November, after the company announced its quarterly earnings for July-September. The company’s net profit for the quarter grew by 76% year-on-year (YoY) to Rs 585 crore for the quarter, and the revenue grew…
September 20, 2024September 20, 2024 Shares of defence conglomerates such as Mazagon Dock, Garden Reach Shipbuilders, and Cochin Shipyards rallied by 10% on 20th September. This breakthrough came after nearly two months of profit-booking. Today, the shares of Paras Defence and Bharat Electronics rose by around 2%, while Hindustan…
Shares of Mazagon Dock Shipbuilders Ltd. skyrocketed 12% and hit a 52-week high of Rs 3,403.95 on 29 May after the company’s net profit doubled for the quarter ending 31 March 2024. The company’s net profit during the quarter under review stood at Rs 663 crore, doubling from Rs 326 crore reported in the same…