Rs 38,389 crore order book & DIIs increase stake: High ROE & high ROCE multibagger shipbuilding & allied services stock hit a fresh 52-week high today with heavy volume!
The shares of the company have an ROE of 27 per cent and an ROCE of 39 per cent.
Today, shares of Mazagon Dock Shipbuilders Limited (MDL) gained 11.34 per cent and made a fresh new Rs 3,207 per share from its previous closing of Rs 2,880.25. At the closing bell, shares of the company were trading at Rs 3,125.35 per share with a spurt in volume by more than 3 times on BSE.
Recently, this prominent Indian shipyard company celebrated its 250th anniversary today, commemorating its remarkable journey that began in 1774 as a small dry dock. Now a government-owned entity since 1960, MDL's 250 years epitomize resilience, growth, and a lasting legacy. To mark this momentous occasion, a series of events were held, including inaugurating newly acquired land, launching a prototype indigenous midget submarine ("Arowana"), commissioning a solar electric hybrid boat, releasing a commemorative coin, and conducting a technical seminar. The Defence Secretary, the chief guest, inaugurated the new land for expanded shipbuilding and repair capabilities.
MDL also launched the "Arowana," a prototype midget submarine, showcasing its progress in indigenous submarine design alongside its ongoing development of a full-scale conventional submarine. Additionally, the commissioning of a solar electric hybrid boat and a 24-seater fuel cell electric ferry highlighted MDL's commitment to sustainable technology. The Defence Secretary commended MDL for being a crown jewel of India and a leader in shipbuilding for the Indian Navy and commercial purposes.
Also Read: 1:1 Bonus Share: LIC-backed multibagger penny stock at Rs 3.65 – Company bags order worth Rs 14.25 million from ITC Ltd
Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.
The shares of the company have an ROE of 27 per cent and an ROCE of 39 per cent. As of December 31, 2023, the company’s order book stands at Rs 38,389 crore and as of March 2024, DIIs have increased their stakes to 0.66 per cent from 0.43 per cent in December 2023. The company has a market cap of over Rs 63,000 crore. The stock gave multibagger returns of 300 per cent in just 1 year and a whopping 1,400 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
Related articles
-
Rs 23,739.59 crore order book: Heavy buying in this multibagger shipbuilding stock with 1,700 per cent returns; Hit 52-week high on June 27
-
Rs 22,000 crore order book: This multibagger shipbuilding & repair company will be participating in Phillipcapial’s Jewels of Bharat PSU Investor Conference 2.0
-
Rs 38,389 crore order book: President of India backed debt-free multibagger shipbuilding stock gains 17.7 per cent & made a fresh new 52-week high
-
52-week high alert & Rs 23,739.59 crore order book: Heavy buying in this shipbuilding stock; bags order from Bangladesh Inland Water Transport Authority & L1 order from DRDO
-
Rs 2,299 crore order book & FIIs increase stake: Heavy buying in this multibagger aerospace & defence stock - hit fresh 52-week high & PAT zooms 240 per cent
-
Rs 12,434 crore order book & FIIs increase stake: Multibagger civil construction stock made fresh 52-week high as company incorporates 19 subsidiaries for solar power projects!
-
Rs 7,101.66 crore order book and FIIs increase stake: Heavy buying in this multibagger railway wagons stock – hit fresh 52-week high!
-
Rs 11,697 crore order book & 52-week high: Heavy buying in this multibagger civil construction stock; Scrip saw a spurt in volume by more than 2 times on BSE
-
Rs 5,305 crore order book: Heavy buying witnessed in this low PE & high ROE multibagger civil construction stock; hit upper circuit & 52-week high!
-
Rs 75,934 crore order book: Heavy buying multibagger Navaratna DPSU stock – Gains 1,29,000 per cent since 1999; Company bags new order worth Rs 1,150 crore from MoD
-
Rs 4,75,800 crore order book: LIC-backed multibagger civil construction stock made a fresh 52-week high; Spurt in volume by more than 5 times on BSE
-
Rs 14,750 crore order book and Promoters sold 5.37 per cent stake: Heavy buying in this multibagger railway wagons stock; Hit fresh 52-week high!
-
Rs 38,389 crore order book: President of India backed debt-free multibagger shipbuilding stock hit a fresh 52-week high as PAT zooms over 100 per cent!
-
Rs 2,299 crore order book & FIIs increase stake: Heavy buying in this multibagger aerospace & defence stock - hit fresh 52-week high & PAT zooms 240 per cent
-
Rs 17,380 crore order book & FIIs increase stake: This civil construction company emerges as the lowest bidder (L1) for 2 orders worth Rs 4,994 crore from MSRDC
-
Rs 58,415 crore order book & FIIs increase stake: This multibagger civil construction company bags new order worth Rs 7,550 crore from ARAMCO
-
Rs 81,784 crore order book & DIIs increase stake: Heavy buying in this President of India backed-multibagger aerospace & defence stock; Hit fresh 52-week high!
-
Rs 21,500 crore order book and FIIs & DIIs increase stake: Heavy buying in this multibagger shipbuilding & repair stock; hit 52-week high!
-
Chirag Dilipkumar Lakhi & Atim Kabra - portfolio multibagger defence explosives stock; Board announce stock split & Rs 400 crore fundraise!
-
Rs 38,000 crore order book and FIIs & DIIs decrease stake: This multibagger engineering company bags new orders worth Rs 816,00,00,000