Sell: Mazagon Dock Shipbuilders Share Price Target Rs 600 Call: ICICI Securities
The latest news on Mazagon Dock Shipbuilders share price comes from ICICI Securities, which has issued a Sell Call and a new Target Price for the company.
Mazagon Dock Shipbuilders’ current market price is Rs 672.65 with a market capitalization of Rs 13559.62 Crore. Recently, ICICI Securities issued a Sell Call on the Mazagon Dock Shipbuilders with a new Target Price of Rs 600.
Mazagon Dock Shipbuilders Limited (MDL) is a leading shipyard in India, located in Mumbai, Maharashtra. It is primarily engaged in the construction and repair of warships and submarines for the Indian Navy, as well as other vessels for commercial clients.
The company has a rich history and extensive experience in shipbuilding, having been in operation for over 75 years. MDL is a government-owned enterprise and is part of the Ministry of Defence. The company has a strong reputation for quality, reliability, and timely delivery of its products. It has a skilled workforce, state-of-the-art infrastructure, and advanced technology that enables it to undertake complex shipbuilding projects.
According to the latest financial report, Mazagon Dock Shipbuilders Limited (MDL) has reported a Consolidated Total Income of Rs 1991.75 Crore for the quarter ended 31-12-2022. This represents a remarkable 6.74% surge compared to the previous quarter’s Total Income of Rs 1865.97 Crore. Furthermore, the company’s performance for the same quarter in the previous year indicates a significant growth rate of 20.31% in Total Income, reaching Rs 1655.57 Crore.
In addition, the company has posted a noteworthy net profit after tax of Rs 337.26 Crore in the latest quarter, reflecting its effective financial management and strategic business operations.
The following fields are related to Mazagon Dock Shipbuilders stock price targets and analyst recommendations for all analysts or brokerage firms:
Target High Price- This field represents the highest price that an analyst or brokerage firm has set for a Mazagon Dock Shipbuilders stock. It can be used to indicate potential upside for a stock.
Target Low Price- This field represents the lowest price that an analyst or brokerage firm has set for a Mazagon Dock Shipbuilders stock. It can be used to indicate potential downside for a stock.
Target Mean Price- This field represents the average price that all analysts or brokerage firms covering a Mazagon Dock Shipbuilders stock have set. It can be used to give an overall view of market sentiment towards a stock.
Target Median Price- This field represents the middle value of all the price targets set by analysts or brokerage firms covering a Mazagon Dock Shipbuilders stock. It can be used to indicate the most common price target for a stock.
Recommendation Mean- This field represents the average recommendation for a Mazagon Dock Shipbuilders stock from all analysts or brokerage firms covering it. It is often represented on a scale of 1 to 5, with 1 being a strong buy and 5 being a strong sell.
