Mazagon Dock Share Price Target Mazagon Dock Shipbuilders is an Indian enterprise that has over 83% of its equity controlled by the Indian government. The Ministry of Defence oversees the shipyard and vessel construction enterprise. Mazagon Dock was established in 1934, and the Magazon Dock Shipbuilders Limited was nationalised in 1960, 13 years after India gained its independence from the British. Investors began to monitor the market trend as the Mazagon Dock Share Price began to rise from Rs 732 (March 6, 2023) towards a growth trajectory towards 2X on the stock exchange as of today, i.e., March 5, 2024. We will go over the various elements that will impact the Mazdock Share Price NSE in the future in this article. Furthermore, we’ll take.
Mazagon Dock Latest Informations
Mazagon Dock Share Price today is down by 0.31% on the National Stock Exchange. The Mazdock NSE stock opened Tuesday morning at Rs 2107.30 per share, but its share price has been on a negative trajectory after it went to Rs 2119.00.
Mazagon Dock Shipbuilders Ltd ‘’India’s largest shipbuilder’’ won a contract from a European Client worth around 42 million US Dollars. This news led to a positive trend for the NSE Mazdock stock on the National Stock Exchange on Friday ie., Dec 18th, 2023.
India’s Ministry of Defence awards Mazagon Dock Shipbuilders Limited a contract worth Rs 1600 crores to build Six new offshore patrol vessels. Mazagon Dock will deliver these new and latest NGOPVs to the Indian Coast Guard, per exchange filling.
In January 2024, the Ministry of Defence awarded another contract to India’s most prominent shipbuilder, Mazagon Dock Shipyard Builders Limited worth Rs 1,070 crores to build and deliver 14 new fast patrol vessels. These FPVs will be used by the Indian Coast Guard. Earlier, Mazagon Dock ‘in December 2023, had been awarded a contract worth 1600 crores with the Ministry of Defence.
Mazagon Dock Share Price Target 2024, 2025, 2026, 2027 To 2030 Shortly Informations
Mazagon Dock Competitors (Market Cap: 42,335.74 crores INR)
Cochin Shipyard Market Cap: 23,189.26 crores INR)
Garden Reach SIL Market Cap: 9,500.37 crores INR)
ABG Shipyard Market Cap: 11.96 crores INR)
Bharati Defence IL Cap: 9.81 crores INR
Points to consider before investing in Mazagon Dock Stock
The Indian Ministry of Defence oversees Mazagon Dock Shipbuilders Limited. A state-owned defence industry business that won contracts worth around Rs 6000 crores last year to develop and supply military machinery and ships. This demonstrates how well the company is in demand and should keep investor confidence high.
The contracts, projected to be worth Rs 6,000 crores for the biggest shipbuilder in India, may have contributed to the notable 186% increase in the price of the Magazon share on the stock exchange from March 6, 2023.
Arhant Capitals analysts, however, advise against predicting the price of the Magazon Dock share and instead advise “profit taking.” Arihant Capital experts cautioned against opening fresh holdings in the Amazon Share.
The price of Amazon Dock shares has been rising sharply since last year. This is because the shipbuilder and the defence sector company signed multiple contracts. But as of today, March 5, 2024, NSE Mazdock is trading at Rs 2100 per share, down 8% from Rs 2289 on January 1st, 2024.
Since March 6th, 2023, the price of Mazdock shares on the stock exchange has risen sharply, gaining a staggering 186%. In the final five years of its stock trading, The Mazdock Share Price NSE increased from Rs 168 on October 20, 2020, to Rs 2101 on March 5, 2024. This demonstrates how investors have been getting a solid return on their investment from the Mazagon Dock Share Price. The contracts worth approximately 6,000 crores for the company’s fiscal year 2023 caused the shares of India’s largest shipbuilder and vessel construction company to soar last year on the stock exchange. Before committing to anything in the stock market, an investor should weigh the counsel of a professional. India Real Estate Dekho suggests.
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FAQs
What is the NSE Mazdock Share Price Target 2024?
The target price range for Mazagon Dock shares in 2024 is Rs 3,075 to Rs 1,930.
What is the Mazagon Dock Share Price Target 2025?
The price target for Mazagon Dock shares by 2025 is set at Rs 4094–Rs 2829.
What is the Mazagon Dock Share Price Target 2026?
The price target for Mazagon Dock shares in 2026 is set to range from Rs 5126 to Rs 3970.
What is the Mazdock Share Price NSE Target 2027?
The range of the Mazagon Dock share price target for 2027 is Rs 6288 to Rs 5097.
What is the Mazagon Dock Share Price Target 2030?
It is anticipated that the Mazagon Dock Share Price Target for 2030 will stay between Rs 10,720 and Rs 8,390.
What is Mazagon Dock Share Price Target 2025 and Mazagon Dock Share Price Target 2030
The share price targets for Mazagon Dock are 3846 in 2025 and 8390 in 2030.
