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HomeMarket NewsMazagon Dock shares set for best week in nine months after 18% jump in two sessions
Shares of Mazagon Dock Shipbuilders are trading 7.8% higher on Friday at ₹2,536.6. The stock has gained 18% in the last two trading sessions, reversing losses from earlier in the week. For the week so far, the stock is now up 12%, which positions itself for the best week since May 2025, when it had gained 20%.
Shares of Mazagon Dock Shipbuilders Ltd. are trading with gains of another 8% on Friday, March 6, extending the gains that they had made during Thursday's trading session, during which it snapped a three-day losing streak.
Before Thursday's 9% upmove, the stock had gained only once in the seven previous trading session.
In an exchange filing on Thursday, Mazagon Dock clarified on media reports which spoke about the company about to bag an order worth ₹99,000 crore.
Mazagon Dock, in response, said that further to their disclosures made previously on August 25 and September 10 last year and on January 9 this year, the CNC negotiations between the government and Mazagon Dock are completed and the proposal has been taken up for approval of the competent authority.
The company had earlier highlighted that the P75I submarine order is likely to come by the end of the current financial year, which could take its order book size past ₹1 lakh crore.
In addition to this, the company is also in talks with the Indian Navy for three P75 Scorpene Submarines, and that is likely to close by the end of this year or early next year.
At the end of the December quarter, Mazagon Dock's order book stood at ₹23,758 crore.
Shares of Mazagon Dock Shipbuilders are trading 7.8% higher on Friday at ₹2,536.6. The stock has gained 18% in the last two trading sessions, reversing losses from earlier in the week. For the week so far, the stock is now up 12%, which positions itself for the best week since May 2025, when it had gained 20%.
