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Mazagon Dock Shipbuilders share price in focus today: Shares of Mazagon Dock Shipbuilders, a leading defence public-sector shipyard under the Ministry of Defense (MoD) in India, cracked 8% in early trade deals on Friday, May 30, ending their 6-day winning run to hit the day’s low of ₹3,450 as investors appeared disappointed with the company’s…
State-run defence PSU Mazagon Dock Shipbuilders reported results for the March quarter after market hours on Thursday, May 29. The numbers for the fourth quarter were dented due to higher expenses. However, the company has surpassed its full-year guidance on the revenue and margins front. For the fourth quarter, Mazagon Dock’s revenue went up by…
India-Pakistan war buzz: Despite showcasing resilience against the India-Pakistan war buzz, the Indian stock market witnessed sell-off pressure on the last two sessions last week. After going off on Thursday, key benchmark indices of Dalal Street came under sharp selling pressure on Friday. However, defence stocks continue to remain bulls’ favourite. Indian defence majors Hindustan…
