Stocks of Mazagon Dock Shipbuilders have lost steam in the ultimate one month. The multibagger defence inventory, which rose 426% in two years and 2560% in 3 years has misplaced 6% in June.
Regardless of the quick-time period correction, Mazagon Dock Shipbuilders stocks have received 71.sixteen% from their 52-week low. The defence inventory hit a fifty two week low of Rs 1917 on february 19, 2025 and scaled a 52 week excessive of Rs 3778 on may additionally 29, 2025.
Inside the modern-day consultation, the inventory rose three% to Rs 3341.25 on BSE. Mazagon Dock's market cap stood at Rs 1.32 lakh crore on BSE.
Total 1.17 lakh shares of the company modified palms amounting to a turnover of Rs 38.34 crore.
In phrases of technicals, the relative strength index (RSI) of Mazagon Dock stands at forty nine.5, signaling it is buying and selling neither within the overbought nor within the oversold region. Mazagon Dock shares are buying and selling decrease than the 20 day, 30 day but better than the 5 day, 10 day, 50 day, a hundred day, one hundred fifty day and 2 hundred day transferring averages.
Jigar S Patel, Technical research Analyst at anand rathi stocks & inventory brokers has a buy call at the stock with a goal price of Rs three,600. Forestall loss can be constant at Rs 3,one hundred fifty.
"these days, Mazagon Dock has formed a robust base inside the Rs three,three hundred-three,four hundred zone, which also coincides with the S3 Camarilla pivot level on the hourly chart. Additionally, a bullish divergence is seen on momentum signs, reinforcing the opportunity of an upward circulate. This confluence of technical alerts indicates a potential trend reversal or a strong soar from modern tiers. Based totally in this setup, we recommend starting up long positions in the Rs three,360-three,330 variety. The inventory can also head closer to an upside goal of 3600 within the close to term. To control hazard, a stop-loss have to be placed at Rs three,a hundred and fifty on a daily closing basis. Buyers are counseled to follow function sizing and hold discipline around stop levels," stated Patel.
Gaurav Bissa, vp, incred Equities stated, "Mazagon Dock witnessed a robust upside within the previous couple of months. But, it has witnessed sturdy income reserving in line with different protection stocks. It's far displaying early signs and symptoms of double backside formation on each day charts which makes buying at modern-day stages profitable for Rs 3700 degrees retaining the stop loss at Rs 3080."
Vintage stock broker has a purchase name on the stock with unchanged charge goal of Rs 3858. It's miles fine at the defence company's acquisition of a fifty one according to cent stake in Sri Lanka's biggest and most hooked up shipyard Colombo Dockyard.
The brokerage said the CDPLC is the first port of name after crossing the Suez Canal and is strategically positioned, making it best for deliver restore activities-a place in which Mazagon Dock can look to participate.
"We preserve a advantageous view on Mazdock supported with the aid of its sturdy order pipeline and proposed authorities incentives for shipbuilding, which function key close to-term catalysts for the stock. We hold purchase rating on the stock with an unchanged goal of Rs 3,858 (at 50x FY27 middle PAT)," antique stock broker stated.
Mazagon Dock Shipbuilders Ltd (MDSL) is a main defence public zone undertaking shipyard below the Ministry of Defence (mod). Mazagon Dock is on the whole engaged in building and repairing warships and submarines for mod and other forms of vessels i.e. Shipment ships, multipurpose help vessels, barges and border outposts, tugs, dredgers, water tankers, etc. For industrial clients.
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