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Mazagon Dock shares cross Rs 2,500 mark for first time, overbought on charts; here are fresh price targets

Mazagon Dock vs Cochin Shipyard: Price targets, valuations, stop loss, resistance and more

Mazagon Dock vs Cochin Shipyard shares: Shares of Mazagon Dock Ltd and Cochin Shipyard Ltd are among the most sought after stocks in the defence sector. Both scrips have delivered multibagger returns in a year reflecting stellar investor interest during the period. While Mazagon Dock stock rallied 234%, shares of Cochin Shipyard shares rose 344% in a year.

Multibagger Mazagon Dock shares have turned negative in 2024; can they recover?

Shares of multibagger defence stock Mazagon Dock Shipbuilders Ltd have turned negative this year. Mazagon Dock share price has fallen 6% in 2024. On the other hand, the stock zoomed 202% in a year and gained 742% in two years. Mazagon Dock stock rose 2.05% to Rs 2191 amid correction in the broader market today. Total 0.23 lakh shares of the firm changed hands amounting to a turnover of Rs 4.84 crore. Market cap of Mazagon Dock rose to Rs 43,434 crore on BSE.

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