Mazagon Dock shares decline despite ₹364 crore contract
pre-market1 source ↓written by the desknot a recommendation
- to ₹2
- 1.16%
- contract with Shipping
- ₹364 crore
- valued
- $39 million
Shares of Mazagon Dock Shipbuilders Limited fell 1.16% to ₹2,427.80 despite securing a ₹364 crore contract with Shipping Corporation of India for a 3000 DWT Methanol Dual Fuel PSV. The contract, valued at $39 million, is part of the company’s regular business operations. The stock remains above several short-term moving averages but below longer-term ones.
Not investment advice. For informational purposes only.