Recently, Mazagon Dock Shipbuilders Limited (MDL) bagged a Rs 1,145 crore contract from ONGC for a subsea pipeline project in the Arabian Sea, set for completion by May 2024. Additionally, the company scored a USD 42 million deal with a European client for building 3 state-of-the-art hybrid cargo ships, deliveries starting in 27 months. Both contracts boost MDL's portfolio and showcase their expertise in diverse maritime projects.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.