Mazagon Dock Shipbuilders soars on receiving contract from ONGC
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Mazagon Dock Shipbuilders is currently trading at Rs. 2134.85, up by 78.75 points or 3.83% from its previous closing of Rs. 2056.10 on the BSE.
The scrip opened at Rs. 2140.00 and has touched a high and low of Rs. 2166.90 and Rs. 2125.00 respectively. So far 37661 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2483.00 on 08-Sep-2023 and a 52 week low of Rs. 612.80 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2166.90 and Rs 1986.00 respectively. The current market cap of the company is Rs. 41469.48 crore.
The promoters holding in the company stood at 84.83%, while Institutions and Non-Institutions held 4.07% and 11.10% respectively.
Mazagon Dock Shipbuilders has received a Notification of Award of Contract from Oil and Natural Gas Corporation (ONGC) on December 07, 2023 for Part Replacement of Pipeline Project (PRPP) on turnkey basis at a total lump sum price of Rs 1145.10 crore including all taxes and duties. The said contract is expected to be executed by May 15, 2024.
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.
