Page 2 - Mazagon Dock Shipbuilders

Strong order pipeline positive for listed shipyards; prospects 'promising'

Upsides higher on Cochin Shipyards and Garden Reach Shipbuilders than Mazagon

HAL, Mazagon Dock: Defence stocks may see up to 10% upside on robust charts

Defence related stocks continue to trade in overbought territory, as momentum sees elevated sentiment.

Defence ministry inks Rs 2,725 cr contract with MDL for refit of submarine

The defence ministry on Friday inked a Rs 2,725 crore contract with the Mazagon Dock Shipbuilders Limited (MDL) for refit of submarine INS Shankush. Shankush is a Sub-Surface Killer (SSK) class submarine. "The Ministry of Defence has signed a contract on June 30 for medium refit with life certification (MRLC) of sub-surface killer class of submarine INS Shankush with M/S Mazagon Dock Shipbuilders Ltd, Mumbai at an overall cost of Rs 2,725 crore," the ministry said. It said the submarine post MRLC will be delivered in 2026. "After completion of MRLC, INS Shankush will be combat ready and will join the active fleet of the Indian Navy with upgraded combat capability," it added. "This project is an important step towards development of MDL as Maintenance, Repair and Overhaul (MRO) Hub for supporting the industrial ecosystem of India," the ministry said.

Stock of this ship building company has zoomed 50% thus far in June

Shares of Mazagon Dock Shipbuilders hit a new high of Rs 1,213.40, surging 15% on the BSE in Friday's intra-day trade. Over 8 per cent of total equity of the company changed hands on the NSE and BSE

German, Indian defence majors near deal to build submarine in India

Thyssenkrupp AG's marine arm and Mazagon Dock Shipbuilders Limited are likely to jointly bid for an approximate $5.2 billion project to build six submarines for the Indian navy

Vinay Rajani recommends to hold longs on Nifty with a stop at 18,200

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

Stock of this state-run shipbuilder has zoomed nearly 100% in last 6 weeks

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

Cochin Shipyard, Mazagon Dock soar up to 8% on hopes of strong Q2 results

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.

Smooth sailing for shipbuilders in choppy markets; up to 27% upside likely

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

Shipbuilding stocks rally up to 11%; Mazagon, Garden Reach hit new highs

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

Manyavar, Cipla: 11 stocks that could hold ground even if market corrects

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.

Navy launches stealth frigate Taragiri, built by Mazagon Dock Shipbuilders

'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

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

Shipbuilding stocks in focus; Garden Reach, Mazagaon Dock hit record highs

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.

Mazagon Dock delivers 4th Scorpene Submarine 'Vela' to Indian Navy

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.

Mazagon Dock Shipbuilders puts Rs 2K-crore greenfield capex on hold

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

Mazagaon Dock pays interim dividend of Rs 92.56 cr to Defence Min for FY21

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

Mazagon Dock Shipbuilders up 19% on debut, UTI AMC lists at a discount

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

Mazagon Dock Shipbuilders lists at 49% premium over issue price

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

Mazagon Dock IPO subscribed 157 times on third day; UTI AMC IPO 2.31 times

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