Multibagger Defence PSU Stock: Shares to be in focus as company signs new pact - Check targets by brokerage

Multibagger Defence PSU Stock: The defence PSU has signed a contract with the transport department of the West Bengal government for 13 hybrid ferries.

Multibagger Defence PSU Stock: Of the 13 ferries for which the contract was signed, six will have twin decks with a capacity of 200 passengers each. The estimated cost of these six vessels is Rs 126 crore, the GRSE official said in a statement. The remaining seven vessels will have a single deck with a capacity of 100 passengers each and are expected to cost nearly Rs 100 crore.

Multibagger Defence PSU Stock: The hybrid ferries will carry passengers in all-weather conditions on River Hooghly in the Kolkata Metropolitan Area (KMA), stretching from Triveni in the north to Diamond Harbour in the south.

Multibagger Defence PSU Stock: The counter opened at Rs 1388.35 on the BSE on Tuesday and ended the session at Rs 1,411.60. 

Multibagger Defence PSU Stock: The counter has a 52-week high of Rs 2,834.60 and a 52-week low of Rs 674.25. 

Multibagger Defence PSU Stock: Domestic brokerage firm Prabhudas Lillader has selected this stock in its technical picks for Diwali 2024. The brokerage suggested buying this stock for the target of Rs 2,770.

Multibagger Defence PSU Stock: The counter has given a multibagger return of around 189 in two years and 81 per cent in one year. 

Multibagger Defence PSU Stock: The above article is meant just for information and does not recommend any investment. Consult your financial advisors before making any money-related decisions.