Mazagon Dock bags $42 mn contract; shares surge 4.3%
Mazagon will design, build and deliver the vessels, with the first delivery expected in 27 months
Mazagon will design, build and deliver the vessels, with the first delivery expected in 27 months
The share price of Mazagon Dock Shipbuilders has more than doubled in the past six months, while it surged 170% in the calendar year 2023.
The share price of warships and submarines manufacturer has given a whopping 1,256% return since its listing on October 12, 2020.
The defence PSU stock has delivered strong returns of 455% in the last one year, rising from its 52-week low of ₹241.60 touched on July 1, 2023.
The construction of the submarines would take place in India and is expected to have significant local content.