Stocks To Buy, Oct 17: Buy Multibagger Defence State-Run Stock, TP Rs 2300: PL

Prabhudas Lilladher has recommended investors to buy large cap Defence PSU stock with target price of Rs 2300 apiece. Current market price of Mazagon Dock Shipbuilders share on BSE is Rs 2163.30 per share at the time of writing the story. Mazagon Dock Shipbuilders shares offered attractive return of 174% year-to-date (YTD) and soared 709% in last 2-years. Earlier this year, Mazagon Dock announced a final dividend of Rs 6.86 per share and shares traded ex-dividend on September 20, 2023. Check details below:

Mazagon Dock Shipbuilders Stock Performance & Return: Current market price of Mazagon Dock share is Rs 2163.30. Its 52-week high price is Rs 2483.00 per share and 52-week low price is Rs 611.55 per share, respectively. The company's market capitalisation is Rs 43,631.60 crore. Mazagon Dock shares fell over 4% in last 1-month, gained 201% in last 6-months, gained 248% in last 1-year, and soared 1189% in last 3-years.

Mazagon Dock Financials: The company for the quarter ended June 30, 2023 announced a jump of 39.8% YoY in its net profit at Rs 314.3 crore as compared to Rs 224.8 crore in the corresponding quarter last year. The company's total revenue announced at Rs 2172 for the quarter under consideration, down 2.6% as against Rs 2230 crore in the corresponding period of last fiscal. The company's EBITDA, At the operating level, fell 1.2% to Rs 171.8 crore in the first quarter of this fiscal as against Rs 173.9 crore in the corresponding period of the last fiscal.

Mazagon Dock About: Mazagon Dock Shipbuilders Limited is one of the leading shipbuilding yards 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.

Disclaimer

The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.