Mazagon Dock Shipbuilders shares gained 2.89% to record high of Rs 2525 against the previous close of Rs 2453.95 on BSE. Total 0.50 lakh shares of the firm changed hands amounting to a turnover of Rs 12.55 crore.
Defence stocks: The brokerage recommended Solar Industries (Buy; target price: Rs 10,950), Astra Microwave (Buy; target price: Rs 800) and Azad Engineering (Buy; target price: Rs 1,600) as key stock picks in the defence space.
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.
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.