Mazagon Dock Shipbuilders, a leading shipbuilding yard in India, has seen its stock rise 272 per cent in the last year, with analysts predicting further gains due to strong orders and the government s Atmanirbhar Bharat and Make in India policies.
Mazagon Dock shares surged over 7% to a new 52-week high, as analysts note increased activity in India s defense sector, particularly in shipbuilding, following a meeting between the US and India defense ministers.
Mazagon Dock Shipbuilders share price: The counter's 14-day relative strength index (RSI) came at 82.69. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-earnings (P/E) ratio of 15.74. It has a price-to-book (P/B) value of 4.51.
Shares of Easy Trip Planners will go ex-split from face value of Rs 2 to Re 1 each. They will also go ex-bonus in the 3:1 ratio. 3M India will go ex-dividend today. The company had announced a special dividend of Rs 850 per share