319% Rise in a Year: Multibagger PSU defence stock Mazagon Dock hits all-time high as firm report its fourth-quarter results

Mazagon Dock Shipbuilders Share Price: Multibagger PSU defence stock Mazagon Dock Shipbuilders hit an all-time high of Rs 3400.35 on BSE on Wednesday (May 29, 2024) as the company reported its fourth-quarter results today.

The stock that closed at Rs 3,037.00 in the previous session soared by 11.96 per cent to Wednesday's high of 3,400.35 after starting the session at Rs 3,012.00.

Mazagon Dock shares closed the trading session higher by 11.03 per cent, or Rs 335.00, at Rs 3,372.00 on Wednesday. 

Mazagon Dock Q4 results

Mazagon Dock announced its fourth-quarter results on Wednesday, reporting more than 100 per cent jump in its profit after tax (PAT) to Rs 663 crore in the quarter under reivew from Rs 326 crore in the same quarter last fiscal.

Its revenue jumped to Rs 3,103.60 crore in the fourth quarter compared to Rs 2,078.60 crore Year-on-Year (YoY).

The PSU also announced a final dividend of Rs 12.11 per share.    

Mazagon Dock share price history

The stock of the company has soared by over 42.98 per cent in the one month. Its rise is in the six months has been 66.84 per cent, while it has skyrocketed by 319.02 per cent in the last one year. 

Mazagon Dcok's 52-week high is Rs 3,400.35, while its 52-week low is Rs 2,974.50.

The firm's market capitalisation stands at Rs 63,634.20 crore as of writing the news.