Cochin Shipyard, Garden Reach Shipbuilders, Mazagon Dock, Data Patterns, Paras Defence, Zen Tech, Bharat Dynamics, Hindustan Aeronautics rallied by up to 8% in trade on Friday.
BEL, BDL, Mazagon Dock, HAL, Solar Inds, Astra Micro and Data Patterns seem favourably placed on the charts, and may gain up to 38%; here are key support, resistance levels for these 7 defence stocks.
The laws enacted recently and provisions in Budget 2025-26 are expected to boost the shipbuilding industry's growth and provide impetus to ship ownership in India.
Aurobindo Pharma, IPCA Labs, Oil India, Mazagon Dock and GIC RE are the 5 midcap stocks that can potentially surge up to 24% from present levels, suggests technical charts.
Mazagon Dock Shipbuilders stock was trading at ₹2,657.60, up 9.25 per cent from its previous close of ₹2,432.55
Last week, the government sold a 3.5 per cent stake in Mazagon Dock Shipbuilders (MDSL) through an offer for sale (OFS)
The Indian equity markets will remain closed for trading on Monday, April 14 (Baba Saheb Ambedkar Jayanti), and Friday, April 18, on account of Good Friday.
The floor price for the offer-for-sale was set at ₹2,525 per share, a discount of 7.7 per cent to Thursday's closing price
After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities
The government will soon launch its second edition with a budgetary corpus of Rs 40,000 crore, with a special focus on shipbuilding, repair, and recycling.
Technical charts show that Tanla Platforms, Mazagon Dock have given a fresh breakout on the daily charts; these 2 stocks along with BSE, Zomato and GR Infra can potentially rally another 24 per cent.
MDL's order backlog stands strong at Rs 34,787 crore, while its orders pipeline looks robust in defence ship-building along with opportunities in commercial ship-building, exports and ship-repair
Mazagon Dock Shipbuilders Q3FY25: Consolidated revenue from operations grew by 33% at Rs 3,143.62 crore
Q3FY25 company results, February 7: Edelweiss Financial, Delhivery, Sun TV, Ola Electric Mobility, and Dreamfolks Services will be among 234 companies releasing report for the Oct-Dec quarter
The cost of the deal was initially benchmarked at approximately Rs 43,000 crore a decade ago
The clarification came from rumorus about a contract between Mazagon Dock Shipbuilders and JNPA regarding an Electric Water Taxi
The initial rally in the Mazagon Dock share was fuelled after the company secured a deal worth Rs 1,990 crore from the Ministry of Defence
The contracts were signed in the presence of Defence Secretary Rajesh Kumar Singh in New Delhi, informed the MoD in an official release
The ministry also signed a Rs 870 crore ($102 million) contract with France's Naval Group for integration of torpedoes on Indian navy submarines
Mazagon Dock share price: Mazagon Dock shares are trading ex-date for stock split today