Mazagon Dock Shipbuilders Shares Soar 11% in Latest Rally
19th Feb 2025
Mazagon Dock Shipbuilders Share Price Movement
Mazagon Dock Shipbuilders share price opened at ₹1948.55 on the BSE on Wednesday, slightly lower than the previous close of ₹1961.30. The share price thereafter gained and touched intraday highs of ₹2177.5, marking an intraday surge of more than 11%. The gains are being supported by a relief rally in the markets, as the stock had corrected by over 20% in February 2025 prior to today's rally.
Mazagon Dock Shipbuilders Q3 Results
In February, Mazagon Dock Shipbuilders had reported strong Q3 results. The company's consolidated net profit for the quarter ending December 2024 jumped by 29.33% to ₹807.04 crore from ₹623.87 crore in the same period last year. Operating revenues for Mazagon Dock Shipbuilders reached ₹3,143.62 crore in the October–December 2024 quarter, a 30% YoY increase over ₹2,362.47 crore.
Mazagon Dock Shipbuilders Order Flows
The Mazagon Dock Shipbuilders also has continued to be in the headlines due to order flows and anticipations of additional orders from the defense sector. The company's operating performance has significantly improved, with profit before tax and exceptional items increasing by 35.14% YoY to ₹1,062.57 crore in the December 2024 quarter.
Mazagon Dock Shipbuilders share price opened at ₹1948.55 on the BSE on Wednesday, slightly lower than the previous close of ₹1961.30. The share price thereafter gained and touched intraday highs of ₹2177.5, marking an intraday surge of more than 11%. The gains are being supported by a relief rally in the markets, as the stock had corrected by over 20% in February 2025 prior to today's rally.
Mazagon Dock Shipbuilders Q3 Results
In February, Mazagon Dock Shipbuilders had reported strong Q3 results. The company's consolidated net profit for the quarter ending December 2024 jumped by 29.33% to ₹807.04 crore from ₹623.87 crore in the same period last year. Operating revenues for Mazagon Dock Shipbuilders reached ₹3,143.62 crore in the October–December 2024 quarter, a 30% YoY increase over ₹2,362.47 crore.
Mazagon Dock Shipbuilders Order Flows
The Mazagon Dock Shipbuilders also has continued to be in the headlines due to order flows and anticipations of additional orders from the defense sector. The company's operating performance has significantly improved, with profit before tax and exceptional items increasing by 35.14% YoY to ₹1,062.57 crore in the December 2024 quarter.