Mazagon Dock Shipbuilders hits new high on heavy volumes; up 27% in 2 days

Shares Mazagon Dock Shipbuilders Limited (MDL) hit a record high of Rs 397.95 as they rallied 12.5 per cent on the BSE in Monday’s intra-day trade on the back of heavy volumes. The stock has surged 27 per cent in the past two trading days.

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 Sensex. The average trading volumes on the counter more than doubled with a combined 7.9 million equity shares, representing 4 per cent of the total equity of MDL, changing hands on