Share price for Mazagon Dock Shipbuilders Ltd. rose 2.35% to touch an all time high at Rs 3,750 apiece on Thursday, ahead of its fourth results. The Defence Ministry’s public sector undertaking primarily involves shipbuilding, particularly naval ships and submarines.
Mazagon Dock’s share price rose as much as 2.35% to Rs 3,750 apiece, the highest level ever. It pared gains to trade 1.20% higher at Rs 3,707 apiece, as of 11:00 a.m. This compares to a 0.16% decline in the NSE Nifty 50.
The stock has risen 66.42% on a year-to-date basis, and 119.91% in the last 12 months. Total traded volume so far in the day stood at times its 30-day average. The relative strength index was at 57.81.