Stay updated with breaking news from Dock Shipbuilders. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Strong Q4 and FY24 earnings, better financials than its competitors, and a focus on diversification are among the reasons why the stock has quadrupled in the past 12 months.
Mazagon Dock Shipbuilders Q4 Results Live : Revenue increased by 49.32% YoY & profit increased by 103.25% YoY
Indian PSU stocks, especially defence shipbuilders like Mazagon Dock, Garden Reach, and Cochin Shipyard, are witnessing substantial share price surges. Cochin Shipyard's recent order for a hybrid service operation vessel pushed its stock by 34% in just four sessions.
An analyst from Anand Rathi said that JSW Infra saw a major breakout above Rs 230 mark. It underwent a sharp rally towards Rs 275 and then it witnessed a correction to retest the breakout zone.
PSU defence stocks have outperformed broader markets by wide margins. Here are the top 5 to watch out in 202