Page 3 - Dock Shipbuilders News Today

Mazagon Dock Shipbuilders has seen a breakout of falling resistance trendline as well as horizontal resistance trendline, and traded above all key moving averages, which is a positive sign.

Mazagon Dock Shipbuilders Share Price Today - 26 Dec 2023: Find Mazagon Dock Shipbuilders Stock Price Live updates on Mint. Check out Mazagon Dock Shipbuilders share price and NSE/BSE details with 52-week high, 52-week low, Dividend, Technicals, Mazagon Dock Shipbuilders Quarterly Results, and more.

In the past week, the market experienced some turbulence, particularly on Wednesday when a significant dip was observed, impacting small- and mid-cap stocks. Approximately 668 stocks suffered a decline of more than 4.5%.

Ticker

On Thursday, 2669 stocks advanced, 1106 declined and 121 remained unchanged, with an advance decline ratio of 2.41 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

The company has signed a contract with the acquisition wing of the Ministry of Defence for the construction and delivery of six Next-Generation Offshore Patrol Vessels (NGOPVs).

Stocks to watch: Shares of firms like Zee Ent, Ultratech, Mazagon Dock, ICICI Bank, DLF, Inox, and others will be in focus on Thursday's trade.

Mazagon Dock Shipbuilders, JSW Energy, NHPC, Coromandel International, Oil India, Indian Railway Finance Corporation, and Sona BLW Precision were the major gainers in the midcap space, rising 3-6%. In the smallcap segment, Zensar Technologies, Morepen Laboratories, PC Jeweller, Metropolis Healthcare, Arman Financial Services, HBL Power Systems, and Tarsons Products surged 5-10%.

In the broader market, the Nifty Midcap 100 index, which saw its biggest one-day fall in over a year on Wednesday, rebounded and rose 0.6%, while the BSE Smallcap index gained close to 1%. Mazagon Dock Shipbuilders, JSW Energy, NHPC, Coromandel International, and Oil India were the major gainers in the midcap space, rising 3-6%.

Mazagon said said it has signed a contract with the Acquisition wing of the Ministry of Defence for construction and delivery of six Next generation Offshore Patrol Vessels (NGOPVs)