-India's Mazagon Dock Shipbuilders rises on reporting higher FY turnover

Mazagon Dock Shipbuilders

08/04/2024 10:20

** Shares of Mazagon Dock Shipbuilders  MAZG.NS  rise as
much as 4.1% to 2,289.95 rupees, currently up 2.8%
    ** Shipbuilding company said it recorded a turnover of about
94 bln rupees ($1.13 bln) for FY24, up 20% year-on-year
    ** Stock on track for a second consecutive session of gains,
if trend holds, MAZG rose last week, snapping five weeks of
losses
    ** More than 2.9 mln shares change hands by 2:40 p.m. IST,
2.2x 30-day avg
   ** Including session's move, stock is down 0.9% YTD; it rose
for the third straight year in 2023 



($1 = 83.2900 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))