Mazagon Dock Shipbuilders trades jubilantly on signing Master Ship Repair Agreement with US Government
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Mazagon Dock Shipbuilders is currently trading at Rs. 2391.85, up by 304.10 points or 14.57% from its previous closing of Rs. 2087.75 on the BSE.
The scrip opened at Rs. 2176.00 and has touched a high and low of Rs. 2392.90 and Rs. 2176.00 respectively. So far 309062 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,483.00 on 08-Sep-2023 and a 52 week low of Rs. 403.50 on 08-Sep-2022.
Last one week high and low of the scrip stood at Rs. 2483.00 and Rs. 1885.60 respectively. The current market cap of the company is Rs. 46300.96 crore.
The promoters holding in the company stood at 84.83%, while Institutions and Non-Institutions held 3.85% and 11.33% respectively.
Mazagon Dock Shipbuilders (MDL) has signed Master Ship Repair Agreement (MSRA) with the US Government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka. This is a Non-Financial Agreement. There are only two shipyards in the country including MDL who have signed MSRA. The agreement is expected to open-up voyage repairs of US Navy Ships at MDL.
Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence. It is primarily engaged in constructing and repairing warships and submarines for the MoD and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients.
