India's Mazagon Dock Shipbuilders at 2-month high on European order win

Mazagon Dock Shipbuilders

18/12/2023 04:36

** Shares of Mazagon Dock Shipbuilders  MAZG.NS  rise as
much as 4.4% to 2,175 rupees, highest since Oct. 18
    ** Engineering products builder said on Friday it signed
individual contracts with a European client to construct three
units of 7,500 deadweight tonnage (DWT)multi-purpose hybrid
powered vessels
    ** Adds, total contract value at about $42 million
    ** MAZG trading above its 100-day and 200-day simple moving
averages since mid-August, 2022
    ** Stock up 165% YTD


 (Reporting by Ashna Teresa Britto)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))