Mazdock Share Price Jumps 2.44% to ₹2,776.70 in Early Trade; Strong Momentum in Defence PSU Space
Mazdock shares rallied over 2% on April 21, driven by robust demand for defence PSUs and strong Q4 order book expectations.
Key Highlights:
Mazdock Share Price Surges to ₹2,776.70, Up 2.44% in Early Trade
Mazgoan Dock Shipbuilders (Mazgo Dock) Share Price rallied by ₹66.10 or 2.44% to trade at ₹2,776.70 as of 10:00 AM IST on April 21. The PSU defence stock opened strong at ₹2,727.50 and touched a high of ₹2,784.00, reflecting sustained bullish momentum in the broader defence and shipbuilding sector.
This surge follows continued investor preference for high-growth defence manufacturing names amid strong government policy support.
Mazdock Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹2,776.70 |
| Day’s High | ₹2,784.00 |
| Day’s Low | ₹2,710.30 |
| Opening Price | ₹2,727.50 |
| Previous Close | ₹2,710.60 |
| Market Cap | ₹1.12 Lakh Cr |
| P/E Ratio | 40.71 |
| Dividend Yield | 0.53% |
| 52-Week High | ₹2,930.00 |
| 52-Week Low | ₹1,045.00 |
What’s Driving the Rally in Mazdock Share Price?
- Rising market confidence in defence PSU stocks ahead of full-year results
- Large order book visibility from Indian Navy submarine and warship contracts
- Government push for indigenisation of naval platforms and Make-in-India defence
- Robust YoY price performance drawing fresh institutional and retail flows
Defence PSU Stock Check – April 21 Movement
| Stock | Price (₹) | Change (%) |
|---|---|---|
| Mazdock (Mazagon Dock) | 2,776.70 | +2.44% |
| HAL | 3,438.20 | +1.15% |
| Bharat Dynamics (BDL) | 1,276.90 | +1.85% |
| Cochin Shipyard | 1,295.60 | +2.05% |
| BEL | 213.90 | +0.10% |
Mazdock continues to lead from the front, outperforming other defence PSUs in today’s trade.
Technical Outlook – Mazdock Share Price Levels
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 2,740.00 |
| Strong Support | 2,680.00 |
| Resistance Zone | 2,790.00 / 2,820.00 |
| Breakout Target | 2,930.00 (52W High) |
If Mazdock breaks above ₹2,790 with strong volume, it could attempt a retest of its 52-week high at ₹2,930.
Analyst Commentary on Mazdock
- ICICI Securities: “Order book remains strong; expect 15–18% EPS CAGR over FY24–26.”
- HDFC Securities: “Favourable risk-reward; well-placed in defence indigenisation.”
- Motilal Oswal: “High momentum stock, but valuations slightly stretched at 40x P/E.”
Final Word on Mazdock Share Price Today
Mazgoan Dock share price continued its upward trajectory on April 21, driven by strong momentum in the defence sector and confidence in upcoming earnings. With the stock nearing its all-time high, traders should watch ₹2,790 as the breakout zone, while long-term investors may stay invested on the back of structural defence tailwinds.
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