Shares in the government company took off, with the price up four times a year for how much power is left

New Delhi. Shares in state-owned Mazagon Dock Shipbuilders Limited (Mazagon Dock Shipbuilders) have rallied over the past year. This fast-growing stock has returned investors more than 300 percent in a year. This multibagger itself is up 39 percent in the last month. Experts say that this PSU stock will continue to provide investors with good returns. Today, the stock is trading on the NSE for 1,047 rupees, up 1.16 percent.

Mazagon Dock Shipbuilders is a state owned company. It is one of the largest shipyards in the country. In addition to building warships for the Navy, the company also manufactures cargo ships, passenger ships, supply ships, multipurpose supply ships and water tankers for overseas customers. The company has no debt. In view of the Make in India campaign, the company’s business is expected to grow in the coming days. Because of this, the stock is booming.

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313 percent return in one year
Mazagon Dock Shipbuilders stock trades at Rs.1,047 on Monday, up 1.16 percent. The stock is up 39 percent over the past month. Over the past six months, this stock is up around 19 percent, making this stock is up 32.63 percent in 2023 so far. This stock has given investors a 312 percent return in a year. This stock’s gain is 522 percent in five years.

The money grew four times in one year
If an investor had invested Rs 1000,000 in Mazagon Dock Shipbuilders shares a year ago and has maintained that investment until now, the value of his investment has now increased to Rs 4,130000000. This is because the price of this Multibagger stock has increased from Rs.253.35 to Rs.1047 in one year.

Hence the boom
Fiscal year 2023 was very good for Mazagon Dock. Revenue increased 37% and profit increased 83%. The company’s net profit rose 105 percent to Rs.326.19 crore in the January-March quarter compared to Rs.159.01 crore in the same period last year. The company’s order backlog is very good. As of March 31, 2023, the Company had orders valued at Rs. 38,755 crore. These include orders from the shipbuilding, submarine and heavy engineering sectors.

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