Mazagon Dock Shipbuilders Ltd. share price is currently at ₹4,437.90, reflecting a slight increase of 0.22% from the previous trading session. This update provides valuable insights into the stock’s performance, potential future movements, and key levels for investors to watch.
Main Points
Mazagon Dock has experienced notable fluctuations in its share price over recent months. The stock has seen a 52-week high of ₹5,860 and a low of ₹1,742, indicating significant volatility. Over the last three months, the stock has decreased by approximately 12.97%, while it has shown impressive growth over a longer period, with a staggering 1,574.01% return over the past three years compared to Nifty 100’s return of just 51.25%.
Key Metrics
| Metric | Value |
|---|---|
| Current Price | ₹4,437.90 |
| Market Cap | ₹82,227 Cr |
| P/E Ratio | 35.46 |
| EPS (TTM) | ₹114.97 |
| Dividend Yield | 0.67% |
| 52 Week High/Low | ₹5,860 / ₹1,742 |
From a technical standpoint, Mazagon Dock is currently trading below its 50-day moving average (DMA) and is about 26% above its 200DMA. Analysts suggest that for any meaningful upward movement, the stock must break through the 50DMA levels and maintain trading above this threshold.
Support and Resistance Levels
- Support Level: The immediate support level is around ₹4,150.
- Resistance Level: The stock faces resistance near ₹4,260.
These levels are crucial for traders looking to make informed decisions based on price action.
Recent Financial Performance
Mazagon Dock recently reported a quarter-over-quarter revenue decline of 23.88%, marking its lowest performance in three years. Despite this setback, the company remains debt-free and has shown resilience in maintaining stable earnings growth across business cycles.
Quarterly Results Highlights
- Total Income (Q2 FY2024): ₹2,628.02 Cr
- Profit After Tax: ₹696.10 Cr
- Yearly Total Income: ₹10,568.05 Cr
- Yearly Profit: ₹1,936.97 Cr
The company’s ability to sustain profitability while navigating market challenges is noteworthy.
Looking ahead, analysts remain cautiously optimistic about Mazagon Dock’s prospects due to its strong fundamentals and historical performance. The company’s robust order book and strategic positioning within the defense sector could provide a buffer against market volatility.
Analysts have set various target prices based on current trends:
- Short-term Target: ₹4,500
- Medium-term Target: ₹5,000
- Long-term Target: Potentially reaching back towards its all-time high of ₹5,860 if market conditions improve.
Investors should closely monitor upcoming quarterly results and any announcements regarding new contracts or projects that could influence share price movements.
