Mazagon Dock Shipbuilders Ltd up by 12.80%: Traders Market Update | Espresso

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Espresso Shot of the Day - Mazagon Dock Shipbuilders Ltd up by 12.80 percent

August 26, 2022
Espresso Shot of the Day - Mazagon Dock Shipbuilders Ltd up by 12.80 percent

MAZAGON DOCK SHIPBUILDERS LTD  353.75 (+12.80%)  BSE – INE249Z01012 | 26th August 2022

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Mazagon Dock Shipbuilders Limited, Mumbai, an ISO 9001: 2015 Company is one of the leading shipbuilding yard in India. The History of Mazagon Dock dates back to 1774, when a small dry dock was constructed in Mazagon. Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It was incorporated as a Private Limited Company in 1934. After its takeover by the Government in 1960, Mazagon Dock grew rapidly to become the premier war-shipbuilding yard in India, producing warships for the Navy and offshore structures for the Bombay High. It has grown from a single unit, small ship repair company, into a multi-unit and multi-product company, with significant rise in production, use of modern technology and sophistication of products. The company's current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, MDL has built total 799 vessels including 26 warships, from advanced destroyers to missile boats and 6 submarines. 


Recent Driver

  • Mazagon Dock Shipbuilders Ltd reported quarterly Quarterly Net Profit at Rs. 224.78 crore in June 2022 up 121.24% from Rs. 101.60 crore in June 2021.
  • Mazagon Dock Shipbuilders Ltd reported net Sales at Rs 2,230.32 crore in June 2022 up 83.68% from Rs. 1,214.24 crore in June 2021.
  • “Mazagon Dock Shipbuilders Ltd is weighing plans to build a greenfield shipyard with a floating dry dock at Nhava Sheva to-overcome-capacity-constraints, top official at india’s biggest warship builder has said on June 25,2022.
  • The government is planning to sell up to 10% stake in Mazagon Dock Shipbuilders  Ltd. A proposal to this effect may soon be put in place, said a government official said on June 3,2022. The stake sale could be done through OFS.
  • Mazagon Dock Shipbuilders enter container manufacturing with maiden order for 2,500 boxes from CONCOR on May 21,2022.Each container will cost Rs 3.5 to 4 lakhs, translating into a deal worth some Rs 100 crore
  • On May 30th 2022, Company recommended a final dividend of Rs 1.63 per equity share, subject to approval of shareholders at the AGM for the financial year 2021-22 .
(Sources: BSE, Moneycontrol, Economics TImes)


Technical Force*

  • S&P BSE 500 month till date gain by 3.35%.
  • 3 months avg. NSE volume: 579,770
  • Quantity traded: 4,41,186 | Deliverable Quantity: 75,024 (17.01 %)
  • The stock price jumped by more than 70 % from a one-year low level: 224 (February 24,2022)
  • Daily RSI (14) is at overbought territory today.
  • 52-week-high: 359.30| 52-week-low: 224.00


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

464.83

392.77

335.83

263.77

206.83

134.77

77.83

-

Fibonacci Pivot

392.77

343.49

313.04

293.44

263.77

234.10

214.49

184.04

134.77


Today’s Close

353.75

SMA

BSE

10 DAY

317.20

20 DAY

298.84

50 DAY

273.31

200 DAY

272.84


Some Key Ratios (Source: BSE)

Market Cap: 7,134.78 crores

PE: 10.04

OPM%: 13.89

ROE%:  21.40

Promoters holding%: 84.83

Prev. Close:  313.60


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Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.