This PSU stock is trading at a 52-week high today

This PSU stock is trading at a 52-week high today

Indian Market
by 5paisa Research Team Last Updated: 2022-11-03T14:53:44+05:30

The stock has jumped 25% in the last two trading sessions.

On November 3, the market is trading in the red. At 2 pm, the S&P BSE Sensex is trading at 60685, down 0.36%, while NIFTY50 is trading at 18,020.10, down 0.35%. About sectoral performance, Financials is the top gainers, while Power and Utilities are among the top losers. Regarding stock-specific action, Mazagon Dock Shipbuilders Ltd is among the top gainers.

Shares of Mazagon Dock Shipbuilders Ltd have surged 10% and are trading at Rs 795.85, as of 2:10 pm. The stock is trading at a new 52-week high today. The scrip opened at Rs 728 and so far, has made an intraday high and low of Rs 798.5 and Rs 728, respectively. The stock is in strong momentum upward, gaining 25% in the last two trading sessions.

Mazagon Dock Shipbuilders Ltd is a leading player in the shipbuilding Industry of India. It is primarily engaged in building & repairing ships, submarines, and various types of vessels and related engineering products for various domestic and international clients. 

It has also delivered cargo ships, passenger ships, supply vessels, water tankers, tugs, dredgers, fishing trawlers, barges & borders for various customers in India and abroad.

The total sales and net profit for FY22 were Rs 5,733 crore and Rs 586 crore, respectively. As of the FY22 period ending, the company's ROE and ROCE were 19.1% and 25.5%, respectively.

For the June quarter, on a consolidated basis, the company generated revenue of Rs 2,230 crore and a net profit of Rs 225 crore.

About the shareholding pattern, 84.83% of the company’s stake is owned by the promoters, 3.05% by FIIs, 0.76% by DIIs, and the rest 11.35% by non-institutional investors.

The company has a market capitalisation of Rs 13,810 crore and is currently trading at a PE multiple of 20.6x. The stock has a 52-week high and low of Rs 798.5 and Rs 224, respectively.


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