This darling stock of the defense sector in the stock market has made investors rich by giving multibagger returns. Now this company has done the work that will give the indian Navy such strength from the Bay of bengal to the arabian sea and the indian Ocean, after which the enemy country of india will no longer dare to show its eyes through the sea.
Mazagon Dock handed over Vaghsheer to the Navy
The stock of Mazagon Dock Shipbuilders can get a boost. The company has delivered the last Scorpene class submarine named Vaghsheer to the indian Navy on Thursday, january 9, 2025. Project 75 is an important initiative towards indigenization in the defense sector. Under this project, Mazagon Dock Shipbuilders has built six Scorpene class submarines in collaboration with the Naval Group of France. Vagsheer will be commissioned on 15 january 2025 at the Naval Dockyard in Mumbai.
Mazagon Dock's stock will do wonders!
With the delivery of Vagsheer, the stock of Mazagon Dock Shipbuilders can see a big movement on Friday, january 10, 2025. On Thursday, january 9, the stock of Mazagon Dock closed at Rs 2232 with a jump of 3.56 percent. Multibagger stock Mazagon Dock Shipbuilders has given strong returns to its shareholders. The stock has doubled in the last one year, while in 2 years it has given a return of 450 percent and in 3 years it has given a return of 15 times i.e. 1500 percent. The market cap of Mazagon Dock Shipbuilders is Rs 90056 crore.
Order book of Rs 40,000 crore
Mazagon Dock Shipbuilders has issued bonus shares to its shareholders with a record date of 27 december 2024. The company celebrated its 250th anniversary last month. The company was founded in 1774. In june 2024, the company received Navratna status. As of september 30, 2024, the company has an order book of Rs 39,872 crore and Mazagon Dock Shipbuilders is going to benefit further due to the central government's initiative to promote Make in india in the defense sector.
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