Workers and engineers from Mazagon Dock Ltd cheer during the floating out of the first project 75 (Scorpene) submarine on pontoon at the Mazagon dock, in Mumbai
Shares Mazagon Dock Shipbuilders Limited (MDL) hit a record high of Rs 397.95 as they rallied 12.5 per cent on the BSE in Monday’s intra-day trade on the back of heavy volumes. The stock has surged 27 per cent in the past two trading days.
At 10:49 am, MDL traded 12 per cent higher at Rs 396, as compared to 1.4 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter more than doubled with a combined 7.9 million equity shares, representing 4 per cent of the total equity of MDL, changing hands on the NSE and BSE, data shows.
First Published: Aug 29 2022 | 11:26 AM IST