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Multibagger Stock: Defense PAU Stock Majhgaon Dock Shipbuilders have made investors rich in the long term. The advice to buy this share giving multibagger returns is now brokerage firm Anand Rathi and Antique Broke …Read more
Majgaon Dock Share is trading at Rs 3261 in green mark on NSE.
Highlights
- Majhgaon dock shipbuilders share still has a boom.
- Brokerage has advised to invest money in this defense share.
- This multibagger stock has jumped 475 percent in two years.
New Delhi. Shares of Majgaon Dock Shipbuilders Limited (MDSL), the leading defense sector’s leading company, has given multibagger returns to investors in the long -term. In five years, the returns of this stock were 3700 percent, three in three were 2500 percent and 425 percent in two years. However, in June, the rise of the Majgaon dock shares broke a break and it fell 6 percent in a month. Despite this decline, this defense multibagger stock is still trading up about 71% from its 52 -week low. Antic Broking has retained its ‘Buy’ on the Majgaon dock shipbuilders. Brokerage says that this stock can still jump 22 percent from its current level. Today, Majgaon Dock Share is trading at Rs 3261 in green mark on NSE.
Brokerage opinion
According to a report by Business Today, Jigar S Patel, technical research analyst of Anand Rathi Share and Stock Brokers, says that Majgaon Dock Stock has prepared a strong base within the range of ₹ 3300 – ₹ 3400. Giving ‘by calls’ on stock, he said that technical indicators are pointing to speed. In the near future, this stock can go up to ₹ 3600.
Antique Stock Broking has also fixed its target price ₹ 3858, keeping a by -rating on stock. Brokerage says that buying a 51% stake in Sri Lanka’s largest shipyard company ‘Colombo Dockyard’ is a strategically important step for Majhgaon Dock. This can greatly promote his ambition to expand his ship repair business. The company’s order pipepean is strong and the shipbuilding incentives proposed by the government can also prove to be an important catalist for stock in the short term.
(Disclaimer: Stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, consult the first certified Investment Advisor. News18 will not be responsible for any kind of profit or loss.)
