Mazagon Dock (MAZDOCK) has informed the exchange about the new contract received from the US Government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka.
Mazagon Dock (MAZDOCK):
Stock MAZDOCK has risen from Rs. 1900 to Rs. 2484 in the last 2 days’ trading session after they informed the exchange about the new contract received from the US Government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka. Soon after the signing of a master ship repair deal with the U.S. government on Friday, shares of Mazagon Dock Shipbuilders Ltd. reached a record high and made a new 52-week high at Rs. 2484.
There are just two shipyards in the nation that have signed the non-financial MSRA, together with the corporation. The agreement is anticipated to enable US Navy Ship voyage maintenance at MDL.
The stock has increased by +163% to date this year. Stock MAZDOCK is displaying efficiency and profitability, the store may be in the overbought zone now.
Disclaimer: The information posted on this page and in related products are mentioned based on the data available at the time of writing and the same is believed through this page. However, in case, there is any discrepancy, please reach out to us so that we can edit or take necessary actions. The information in this post is an author’s view and is just for entertainment, education, and information purposes and it does not indicate any kind of investment. Please perform your own research and take advice from your fund advisor.