Defence Stock, Mazagon Dock shares edges higher over 3%, rebounds after long decline
The stock has outperformed its sector by 3.27%, suggesting a robust position within the market.
Defence Stock, Mazagon Dock shares edges higher over 3%, rebounds after long decline
The stock of Mazagon Dock Shipbuilders has increased by 3.08% on February 24, 2025, indicating significant activity today.
The stock's resilience in the shipbuilding industry is underscored by this performance, which represents a trend reversal following two consecutive days of decline.
Mazagon Dock achieved an intraday high of Rs 2186.95 during the trading session, which represents a 3.28% increase. Conversely, the day's low was recorded at Rs 2058.45, which represents a 2.79% decrease.
The stock has outperformed its sector by 3.27%, suggesting a robust position within the market.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Over the past month, Mazagon Dock has experienced a decline of 5.47%, compared to a 2.08% drop in the Sensex, showcasing its relative performance in a challenging market environment.
Overall, the stock's recent activity reflects a dynamic shift in its trading pattern, positioning it as a noteworthy player in the large-cap shipbuilding sector. In addition, other PSU defence stocks have also rallied today in the Nifty Benchmark index, GRSE, and BEL, along with BEML Ltd.