Mazagon Dock Shipbuilders

Among individual stocks, the technical & derivative analyst from HDFC Securities is bullish on NLC India and Mazagon Dock.

In the last three months, Mazagon Dock Shipbuilders has zoomed 196 per cent as compared to a 4.5 per cent rise in the S&P BSE Sensex

Thus far in FY23, MDL (up 277%), GRSE (201%) and Cochin Shipyard (185%) have seen their market price appreciated more than 100%, as against nearly 4% rise in Sensex.

Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyard have surged 129 per cent, 121 per cent, and 49 per cent each so far this year

The defence shipbuilding segment continues to look promising on account of ambitious acquisition plan of Indian Navy and Indian Coast Guard.

Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.

'Taragiri', the third stealth frigate of the Indian Navy's Project 17A, was launched in Mumbai on Sunday, the Mazagon Dock Shipbuilders (MDL) said. This ship has been built using an integrated construction methodology which involves hull block construction in different geographical locations and integration and erection on the slipway at the MDL, it said in a statement. "In compliance with the notification issued by the Ministry of Home Affairs, the Government of India declaring a state mourning on September 11 (due to the passing of Queen Elizabeth II), the event was limited to a technical launch. As the event is tide dependent, any change in the schedule was not possible," the MDL said. The ship was named by Charu Singh, President, Navy Wives Welfare Association (Western Region), wife of vice admiral Ajendra Bahadur Singh, FOC-in-C Western Naval Command, who was the chief guest. The keel of 'Taragiri' was laid on September 10, 2020. The ship is expected to be delivered by August

At 10:49 am; MDL traded 12 per cent higher at Rs 396, as compared to 1.4 per cent decline in the S&P BSE Sense

As reported by Business Standard, the political and economic uncertainties in Sri Lanka and the congestion at the Colombo port are forcing more ships to turn towards Indian ports in recent months.

The Mazagon Dock Shipbuilders Ltd. (MDL) on Tuesday delivered the fourth Scorpene Submarine of Project P-71 to the Indian Navy which will be commissioned as INS Vela, officials said here.

The company plans to continue with its annual maintenance capex of Rs 100 crore for FY22

The company has declared interim dividend of Rs 109.11 crore at 54.10 per cent of equity capital for FY 2020-21, Government share being 84.83 per cent

Mazgaon Dock is the only shipyard to have built destroyers and conventional submarines for the Indian Navy

The Rs 440-crore IPO saw strong demand and was subscribed 157 times

The last hugely subscribed PSU IPO was that of IRCTC last year

Cinema and leisure related stocks are expected to trade actively today after the central government announced Unlock 5.0 guidelines

Govt is looking to raise Rs 440 crore by divesting 15.2% stake through Mazagaon IPO

Mazagon is India's only shipyard engaged in building destroyers and conventional submarines for Indian Navy

Aim is to attract third-party orders which currently stand at nil, firm is on the lookout for consultant

In a significant move, the defence ministry on Tuesday shortlisted two Indian shipyards and five foreign defence majors for the Rs 50,000 crore project to build six conventional submarines in India for the Navy besides approving military procurement worth Rs 5,100 crore. The shortlisted Indian entities to construct the submarines, being billed as one of biggest 'Make in India' projects, are L&T group and state-owned Mazagaon Docks Ltd (MDL), official sources said. Adani Defence, which was a strong contender for the project, named as P-75 I, failed to make the cut following a detailed evaluation of eligibility criteria by a high-powered committee, they said. The mega project is being implemented under the ambitious strategic partnership model under which select private firms are being roped in to build military platforms like submarines and fighter jets in India in partnership with original equipment maker. The decisions on the submarine project and procurement of military ...