Mazagon Dock share price: The stock jumped 11.54 per cent to hit a day high of Rs 2,225. Analysts at brokerage Prabhudas Lilladher (PL) have given a 'Buy' on the counter with a near-term target price of Rs 2,500.
There’s a change in market sentiment and the overall mood is once again looking up. Keep these momentum stocks on your watchlist as they can continue their bullish trend.
PSU stocks have been surging due to a confluence of factors such as increased power demand, significant order wins in the railways sector, increased budget allocations in the defence sector, and India s ambitious goals for renewable energy.
The prospect of the BJP s potential re-election is generating positive expectations for sustained Capex contributing to the increased attractiveness of PSU stocks.
PSU stocks IRFC, RVNL and Mazagon Dock surged up to 13 percent in intra-day deals on Tuesday to hit their respective new highs ahead of the 2024 Interim Union Budget.