Mazagon Dock Shipbuilders Share Price: This darling stock of defense sector in the stock market has made investors rich by giving multibagger returns. Now this company has done the work which will give the strength to the Indian Navy from the Bay of Bengal to the Arabian Sea and the Indian Ocean, after which India’s enemy country will no longer dare to show an eye through the sea.
Mazgaon Dock handed over Waghshir to Navy
The stock of Mazagon Dock shipbuilders may rise strongly. The company has delivered the last Scorpene class submarine named Vaghsheer to the Indian Navy on Thursday 9 January 2025. Project 75 is an important initiative towards indigenization in the defense sector. Under this project, Mazagon Dock Shipbuilders has prepared six Scorpene class submarines in collaboration with Naval Group of France. Waghsheer will be commissioned on 15 January 2025 at the Naval Dockyard in Mumbai.
Stocking of Mazgaon Dock will do wonders!
With the delivery of Waghshir, a big movement can be seen in the stock of Mazagon Dock Shipbuilders on Friday, January 10, 2025. On Thursday, January 9, the stock of Mazgaon Dock closed at Rs 2232 with a rise of 3.56 percent. Multibagger stock Mazagon Dock Shipbuilders has given strong returns to its shareholders. The stock has doubled in the last one year while it has given returns of 450 percent in 2 years and 15 times i.e. 1500 percent in 3 years. Rs 90056 crore is the market cap of Mazagon Dock Shipbuilders.
order book of 40000 crores
Mazagon Dock Shipbuilders has issued bonus shares to its shareholders, the record date of which was 27 December 2024. The company celebrated its 250th anniversary last month. The company was established in 1774. The company got Navratna status in June 2024. The company has an order book of Rs 39,872 crore till September 30, 2024 and Mazgaon Dock Shipbuilders is going to benefit further due to the initiative of the Central Government to promote Make in India in the defense sector.
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