Stock of this state-run shipbuilder has zoomed nearly 100% in last 6 weeks

In the last three months, Mazagon Dock Shipbuilders has zoomed 196 per cent as compared to a 4.5 per cent rise in the S&P BSE Sensex

Shares of state-owned shipbuilding company Mazagon Dock Shipbuilders (MDL) continued their northward movement on Monday as they gained 5 per cent to hit a new high of Rs 819.25 on the BSE.

The stock was quoting higher for the fifth straight trading day, having surging 29 per cent during this period. In the past six weeks, the market price of MDL has nearly doubled (up 99 per cent) from a level of Rs 412.25 on September 27, 2022, BSE data shows.

In the last three months, it has zoomed 196 per cent as compared to a 4.5 per