Introduction:
Navratna stock has achieved a significant milestone in defense manufacturing by delivering the advanced Sixth Scorpene Class Submarine ‘VAGHSHEER’ to the Indian Navy, promoting the ‘Aatmanirbhar Bharat’ initiative and showcasing India’s prowess in submarine construction.
Share Price movement of Mazagon Dock Shipbuilders:
On January 10, 2025, Mazagon Dock Shipbuilders Ltd. opened at ₹2,225.00, slightly down by 0.09% from its previous close of ₹2,232.55. The stock reached a high of ₹2,235.00 and a low of ₹2,167.30. By midday, it traded at ₹2,230.65, with a market cap of ₹89,979.96 crore.
Mazagon Dock Shipbuilders share in focus:
Mazagon Dock Shipbuilders Limited announced the delivery of the Sixth Scorpene Class Submarine, ‘VAGHSHEER,’ to the Indian Navy, which aligns with the ‘Aatmanirbhar Bharat’ and ‘Make in India’ initiatives. The submarine, fully combat-ready, was handed over after rigorous testing and trials, enhancing India’s stature in submarine building.
The submarine Vaghsheer boasts advanced stealth features, including acoustic silencing and optimized hydrodynamic shape, equipped to launch torpedoes and anti-ship missiles. It promises a transformational shift in naval warfare capabilities, reflecting MDL’s commitment to fulfilling the Indian Navy’s operational requirements.
Additionally, Vaghsheer features indigenously developed systems like an air conditioning plant and an internal communication system, furthering India’s self-reliance in defense technology. The Scorpene project’s progress was supported by the Department of Defence Production and the Indian Navy, highlighting collaborative efforts in defense manufacturing.
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Recent news About Mazagon Dock Shipbuilders :
On December 31, 2024, Mazagon Dock Shipbuilders signed a ₹1,990 crore contract with the Ministry of Defence for integrating Air Independent Propulsion technology into submarines, boosting their endurance and advancing India’s self-reliance in defense.
Stock performance of Mazagon Dock Shipbuilders for Period of 1 week, 6 months and 1 year:
Over the past year, Mazagon Dock Shipbuilders has shown notable stock performance. In a week, the stock slightly declined by 0.19%. Over six months, it experienced a downturn of 19.6%. However, looking back over the entire year, it impressively gained 94.6%.
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Shareholding pattern of Mazagon Dock Shipbuilders:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 84.83 | 84.83 | 84.83 |
| FII | 1.45 | 2.44 | 2.38 |
| DII | 1 | 0.83 | 0.66 |
| Retail & others | 12.71 | 11.89 | 12.12 |
About Mazagon Dock Shipbuilders:
Mazagon Dock Shipbuilders Limited is a leading public sector shipyard in India, renowned for its expertise in constructing warships and submarines for the Indian Navy. The company plays a critical role in enhancing India’s maritime defense capabilities.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
