IANSCochin Shipyard comes second in the sector in this respect with Rs 7,827.97 crore m-cap — almost three times lower than that of Mazagon Dock Shipbuilders.
ETMarkets.comMazagon Dock shares hit a 52-week high of Rs 1,337.70 sustaining the strong momentum the stock has witnessed so far in FY24. The stock is up 80% on a quarter-to-date basis.
The Mazagon Dock shares were trading with a combined volume of over 42 lakh shares on the BSE and NSE around 12:30 pm.
The multibagger stock has offered returns of a whopping 441% over the last 12 months, outperforming the BSE Sensex, which has given returns of 20% during this period according to data available on the BSE.
The stock has traded with relatively very high volatility over the past 1 month with a beta of 2.09 according to Trendlyne.
ETMarkets.comSource: Trendlyne
The defense PSU company's net profit more than doubled to Rs 326 crore in Q4FY23 as against Rs 159 crore in the same quarter of last year. Its revenue from operations in the January-March quarter came in at Rs 2,078.6 crore, registering an increase of 49%, compared to Rs 1,396.4 crore in the year-ago period.
The Trendlyne data further suggested that the state-run company is debt-free, showcasing financial stability. The revenue has been increasing for the past two quarters while the annual net profits have improved over the last two years.
Inputs from Ritesh Presswala
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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