Mazagon Dock Shipbuilders Stock Price: Shares of government company Mazagon Dock Shipbuilders rose by 2 percent on December 26. Thursday was the last day to buy shares before the stock split. The shares will trade ex-split on December 27. Under stock split, the company is going to break one share of face value of Rs 10 into 2 shares of face value of Rs 5. The stock split was announced for October 22, 2024.
The stock opened with gains at Rs 4679.90 on BSE in the morning. After this, it went up to a high of Rs 4848.40 with a rise of about 5 percent from the previous closing price. At the close of trading, the stock settled at Rs 4728.80 with a gain of 2 percent. The market cap of Mazagon Dock Shipbuilders is around Rs 95300 crore.
Money doubled in one year
According to BSE data, Mazagon Dock Shipbuilders share price has doubled in the last one year. However, it has come down by 6 percent in a week. The stock has given 1700 percent return in 3 years. By the end of September 2024, the government held 84.83 percent stake in the company. The stock had created a 52-week high of Rs 5,859.95 on July 5, 2024 on BSE. The 52-week low of Rs 1,797.10 was recorded on March 14, 2024. The upper price band for the share is Rs 5,555.40 and the lower price band is Rs 3,703.60. The circuit limit is 20 percent.
Shares of International Gemmological Institute rose by 10% and locked in upper circuit, purchase of two companies filled the enthusiasm.
The company had also declared an interim dividend of Rs 23.19 per share for the financial year 2024-25 for shareholders in the board meeting on October 22. The record date for this was 30 October 2024. The company had given a final dividend of Rs 12.11 per share for the financial year 2023-24.
Profit increased by 76 percent in Q2
In the July-September 2024 quarter, the company’s consolidated revenue from operations increased by almost 51 percent year-on-year to Rs 2756.83 crore. Meanwhile, net profit increased by nearly 76 percent year-on-year to Rs 585 crore.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.