After securing a massive ship repair agreement with the US government, this shipping stock is creating waves. Read More>>
Mazagon Dock Shipbuilders signed a significant master ship repair agreement (MSRA) with the US Government, boosting its share prices.
Only two shipyards in India, including MDL, have signed the non-financial MSRA, enabling voyage repairs for US Navy Ships.
In Q2 2023, MDL reports a 40% YoY rise in net profit at Rs 314.34 crore, despite a 3% revenue dip and a 1% EBITDA decrease.
With the MSRA agreement and positive chart pattern, Mazagon Dock Shipbuilders looks poised for a promising future in the shipbuilding industry.