Shares of the government shipbuilding company are set to be in focus in trade this week. BSE 200 stocks will soon trade on ex-date for its first stock split. The market cap of this company providing shipbuilding and related services is Rs 95,309 crore.
Mazagon Dock Shipbuilders, a company known as ‘Ship Builder to the Nation’, is one of the major government defense company shipyards of India. BSE 200 PSU stocks have delivered multibagger returns in the past and have more than doubled investors’ money so far in 2024.
stock split
The company announced its first stock split in October. Mazagon Docks Shipbuilders board had approved splitting of the existing 1 equity share of Rs 10 face value into 2 equity shares of Rs 5 face value each.
Stock Split Ex-Date
To determine the investors who will be eligible to participate in the 1:2 share split, Mazagon Docks Shipbuilders has set Friday, December 27, 2024, as the record date. The shares of the company will trade on the same day on ex-date.
Multibagger PSU Stock
Shares of this PSU have given good returns in the past and have more than doubled investors’ profits in the last 1 year. According to BSE analysis, Mazagon Docks Shipbuilders stock has gained about 107 per cent so far in 2024, while it has gained 130 per cent in the last one year and 437 per cent in the last 2 years. In the last 3 years, the BSE 200 stock has seen a growth of over 1800 percent. The 52 week high price of Mazagon Docks shares is Rs 5,859.95 and lowest price is Rs 1,797.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.