Shares of Mazagon Dock Shipbuilders Ltd experienced a gain of over 4% in early trading today following the announcement of its Q2 earnings and interim dividend. The stock of Mazagon Dock has proven to be a multibagger, demonstrating an impressive 166% gain over the last six months and a remarkable 158% return throughout the year.
Mazagon Dock Shipbuilders stock rose by 4.42% to Rs 2068.85 in early trading, compared to the previous close of Rs 1981.10 on the BSE. A total of 0.55 lakh shares of the firm changed hands, amounting to a turnover of Rs 11.24 crore. The market capitalization of Mazagon Dock surged to Rs 41,033 crore on the BSE.
It is noteworthy that Mazagon Dock shares have displayed high volatility over the past year, evident from its one-year beta of 2. The stock’s technical indicators reveal a relative strength index (RSI) of 46.9, indicating that it is currently neither in the overbought nor oversold zone. Additionally, Mazagon Dock stock remains higher than the 5-day, 10-day, 20-day, 100-day, 150-day, and 200-day moving averages, although it is lower than the 30-day and 50-day moving averages. In the previous session, Mazagon Dock stock remained flat at Rs 1981.10 compared to the previous close of Rs 1971.80 on the BSE.
As of 11:05 am on November 9th, the shares were trading 2.35% higher at ₹2,032.00, reflecting the positive market sentiment following the company’s latest financial announcements.
