Mazagon Dock Shipbuilders shares rise; what’s keeping investors excited?

Mazagon Dock Shipbuilders share price NSE: Mazagon Dock Shipbuilders shares rose on Friday after Zee Business reported that the state-run plans to develop three Kalvari class submarines with an outlay of Rs 20,000 crore.

Mazagon Dock Shipbuilders news: The boat was developed in collaboration with NavAlt Solar Electric Boat, Kochi. Image: Official release

Mazagon Dock Shipbuilders share price NSE: Mazagon Dock Shipbuilders shares rose on Friday after Zee Business reported that the state-run plans to develop three Kalvari class submarines with an outlay of Rs 20,000 crore. The shipbuilder’s stock gained by as much as two per ecnt to Rs 2,114.9 apiece in early deals on NSE. In another development, the company launched country’s fastest solar-electric boat, SaurShakti, in Kochi on December 13. Mazagon Dock Shipbuilders finished 0.39 per cent or Rs 8.15 higher at Rs 2,080.85 on NSE.

The boat was developed in collaboration with NavAlt Solar Electric Boat, Kochi.

Mazagon Dock share price history

Mazagon Dock's stock has given a stellar return return of over nearly 150 per cent in the last 12 months (from xxx, 2022). The stock has has given a multi-bagger return of over 150 per cent. In comparison, the headline index Nifty 50 has rallied over 17 per cent.

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What does Mazagon Dock Shipbuilders do?

Mazagon Dock Shipbuilders in Mumbai, is shipbuilding yard in India. The History of the company dates back to 1774, when a small dry dock was constructed in Mazagon. Over the years, Mazagon Dock has established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. Mazagon Dock was incorporated as a Private Limited Company in 1934, according the company's officail website.

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