India's Mazagon Dock extends record high rally

Mazagon Dock Shipbuilders

04/07/2024 10:32

** Shares of Mazagon Dock Shipbuilders  MAZG.NS  rise as
much as 19.1% to hit new record high at 5,580 rupees
    ** Stock has risen 107.9% and has hit record high seven
times since June 4 
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since June 5
    ** Stock is witnessing its most active trading session since
June 16, 2023; with more than 18.7 mln shares change hands, 3.4x
of 30-day avg
    ** Avg rating of three analysts equivalent of "hold", median
PT is 2,833 rupees - LSEG data
    ** Stock rose ~130% in June quarter vs fall of 18.3% in
March quarter





 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))