India's Mazagon Dock Shipbuilders rises on Q2 profit jump

Mazagon Dock Shipbuilders

05/11/2024 08:11

** Shares of Mazagon Dock Shipbuilders  MAZG.NS  rise as
much as 6% to 4,267 rupees
    ** MAZG's Q2 consol profit jumps 76% y/y to 5.85 bln rupees
($69.6 mln); rev soars 50% to 27.57 bln rupees
    ** Stock has been above its 200-day SMA since May,
indicating bullish sentiment
    ** MAZG last up 5.5%, extending YTD gains to ~86%

($1 = 84.1150 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))