250% Return in 1 Yr: Multibagger defence PSU hits 12% upper circuit; Buy or sell

Mazagon Dock Shipbuilders Share Price Today: Shares of Mazagon Dock Shipbuilders rallied nearly 12 per cent to hit a lifetime record-high mark during intra-day on Thursday, June 27, after bagging the ‘Navratna’ status from the finance ministry. The defence public sector undertaking (PSU) has delivered multi-bagger returns to investors over the last one-to-three-year periods.

Shares of the premier warship and submarine builder rallied for the second straight day on June 27 after the finance ministry elevated the defence PSU to the Navratna status. This comes after Mazagon Dock Shipbuilders was granted the Mini Ratna-1 status in 2006 by the Ministry of Public Enterprises.

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Published: 27 Jun 2024, 04:33 PM IST

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