Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

Mazagon Dock Shipbuilders announced that the Board of Directors of the Company at its meeting held on 22 October 2024, inter alia, have recommended the interim dividend of Rs 23.19 per equity Share (i.e. 231.9%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

The domestic equity benchmarks continued to trade in sideways in morning trade. The Nifty traded above the 25,000 level. Metal shares extended gains for the third consecutive trading session. At 10:28 IST, the barometer index, the S&P BSE Sensex shed 27.59 points or 0.04% to 81,590.87. The Nifty 50 index added 6.80 points or 0.03% to 25,005.25. In the broader market, the S&P BSE Mid-Cap index rose 0.37% and the S&P BSE Small-Cap index added 0.44%. The market breadth was strong. On the BSE, 2,139 shares rose and 1,350 shares fell. A total of 142 shares were unchanged. Result today: Tata Elxsi (up 0.30%), Den Networks (up 1.35) , Active Clothing Co (up 13.18%), Dr Reddy's Laboratories (up 0.26%), Bank of Baroda (up 0.61%), Ugro Capital (up 5.90%), Diksha Greens (up 1.56%), Maruti Suzuki India (down 0.20%), Allied Blenders and Distillers (down 0.17%) and Reliance Industrial Infrastructure (up 1.01%). Buzzing Index: The Nifty Metal index gained 1.56% to 9,993.85. The index rallied 2.03% in three consecutive trading sessions. National Aluminium Company (up 4.17%), NMDC (up 3.2%), Steel Authority of India (up 2.2%), Hindustan Copper (up 2.11%), Tata Steel (up 1.93%), Jindal Stainless (up 1.91%), Hindalco Industries (up 1.83%), Vedanta (up 1.7%), JSW Steel (up 1.61%) and Jindal Steel & Power (up 1.53%) advanced. Stocks in Spotlight: Mazagon Dock Shipbuilders shed 0.79%. The company has has received an order worth Rs 122 crore from Maharashtra State Power Generation company to supply, install and commission AI-based conditions of an order comprehensive infrasecure projects. Endurance Technologies added 1.01% after the compay's board approved Rs 300 crore capex for the alloy wheels greenfield project in Aurangabad. The plant will have a capacity of 1.8 lakh 2-wheeler alloy wheels per month. The start of production is envisaged in the second quarter of the financial year 2025-26. Exide Industries advanced 2.33% after the company has made further investment of Rs 99 crore in its wholly owned subsidiary, Exide Energy Solutions. The total investment in EESL now stands at Rs 2,852 crore.Powered by Capital Market - Live

Maharashtra State Power Generation Company (MAHAGENCO) has placed a Purchase Order on Mazagon Dock Shipbuilders for supply, installation and commissioning of AI based comprehensive infrasecure project at GTPS-Uran and KGSC-Pophali at a total price of Rs 121.67 crore. Powered by Capital Market - Live

The key equity indices traded with minor cuts in morning trade. The Nifty traded below the 25,950 mark after hitting the day's high of 25,954.15 in morning trade. PSU bank shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex shed 34.35 points or 0.04% to 84,877.61. The Nifty 50 index lost 28.10 points or 0.11% to 25,912.30. In the broader market, the S&P BSE Mid-Cap index fell 0.50% and the S&P BSE Small-Cap index shed 0.17%. The market breadth was negative. On the BSE, 1,645 shares rose and 2,009 shares fell. A total of 151 shares were unchanged. Buzzing Index: The Nifty PSU Bank index slipped 1.04% to 6,724.15. The index fell 1.89% in two consecutive trading sessions. Punjab National Bank (down 2.62%), Indian Overseas Bank (down 1.94%), Bank of Maharashtra (down 1.64%), UCO Bank (down 1.34%), Central Bank of India (down 1.06%), Bank of India (down 0.98%), Punjab & Sind Bank (down 0.82%), Canara Bank (down 0.61%), State Bank of India (down 0.61%) and Bank of Baroda (down 0.31%) declined. Stocks in Spotlight: Mazagon Dock Shipbuilder added 1.34% after the company commenced the production activity for the first multi purpose cargo vessel for Navi Merchants, Denmark. PC Jeweller advanced 1.85% after the company's board will consider a stock split on 30 September 2024. Hariom Pipes rose 1% after the company's board has approved the raising up to Rs 700 crore via equity or other securities.Powered by Capital Market - Live

The company bagged a contract for pipeline replacement project 8 Group A (PRP 8 Group A) on EPC reimbursable basis (OBE) at the ceiling price of Rs 1486,40,32,996. The project is to be executed within 28 February 2026. Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of June 2024. Shares of Mazagon Dock Shipbuilders shed 0.73% to Rs 4,368.05 while those of Oil and Natural Gas Corporation slipped 3.92% to Rs 296.80 on the BSE. Powered by Capital Market - Live

Mazagon Dock Shipbuilders (MDL) has received a Notification of Award of Contract on 05 September 2024 from Oil and Natural Gas Corporation (ONGC) for Pipeline Replacement Project 8 Group A (PRP 8 Group A) on EPC reimbursable basis (OBE) at the ceiling price of Rs 1486.40 crore including all taxes and duties (GST@12%). Powered by Capital Market - Live

Mazagon Dock Shipbuilders announced that the 91th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

Mazagon Dock Shipbuilders Ltd gained 4.43% today to trade at Rs 4386.4. The BSE Capital Goods index is up 0.6% to quote at 73010.95. The index is down 0.64 % over last one month. Among the other constituents of the index, Kaynes Technology India Ltd increased 4.41% and Hindustan Aeronautics Ltd added 3.18% on the day. The BSE Capital Goods index went up 60.05 % over last one year compared to the 25.94% surge in benchmark SENSEX. Mazagon Dock Shipbuilders Ltd has lost 13.91% over last one month compared to 0.64% fall in BSE Capital Goods index and 2.06% rise in the SENSEX. On the BSE, 26714 shares were traded in the counter so far compared with average daily volumes of 1.68 lakh shares in the past one month. The stock hit a record high of Rs 5859.95 on 05 Jul 2024. The stock hit a 52-week low of Rs 1742 on 26 Oct 2023.Powered by Capital Market - Live