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Mazagon Dock share price: "Mazagon is India's only shipyard which is engaged in building destroyers and conventional submarines for Indian Navy. The upcoming bids from the defence ministry could improve the order book and revenue visibility," HDFC Securities said.

Mazagon Dock Shipbuilders Limited is one of the leading shipbuilding yards in India. It was incorporated as a Private Limited Company in 1934.

Multibagger stock: The stock which fell to a 52 week low of Rs 241.60 on July 1, 2022 touched a 52-week high of Rs 1341 on July, 2023 this year, translating into returns of 455% in a year.

Stocks to Watch on Monday, July 3: Post the approval of the merger between HDFC Bank and HDFC, the trading window in HDFC Ltd will remain closed till July 13

Shares of Mazagon Dock Shipbuilders surged over 7% and hit a 52-week high after the company won a contract worth Rs 2,724 crore from the Indian Navy. The stock has seen a tremendous rally, delivering returns of 435% in the past year. With a market capitalization of over Rs 25,000 crore, Mazagon Dock has become the first shipbuilding company to achieve this milestone. Despite trading in an overbought zone, the stock has been performing well and is above its 50-day and 200-day moving averages.

Shares of Mazagon Dock Shipbuilders hit 52-week high of Rs 1341, rising 7.55% in early trade today. It opened higher at Rs 1280 against the previous close of Rs 1246.85 on BSE.

Under this agreement, INS Shankush, a submarine belonging to the SSK Class, will undergo comprehensive refurbishment and life certification at MDLs facility in Mumbai, , Ministry of Defence (MoD), Mazagon Dock Shipbuilders Ltd (MDL), INS Shankush

The Contract was signed in presence of Dinesh Kumar, JS & AM(MS) and other MoD reps.

Mazagon Dock shares surged over 7% to a new 52-week high, as analysts note increased activity in Indias defense sector, particularly in shipbuilding, following a meeting between the US and India defense ministers.

These warships are Surat, the fourth P15B Visakhapatnam Class destroyer and Udaygiri, the second P17A Nilgiri Class Advanced Stealth Frigate