Technical Analysis of Mazagon Dock

Mazagon Dock Shipbuilders will divide each share with a face value of ₹10 into two shares, each having a face value of ₹5.

05-12-2024 / Thursday

"Mazagon Dock sets record date for stock split."

"Mazagon Dock Shipbuilders Ltd., a state-run company, has declared the record date for its stock split, originally announced after its board meeting on October 22".

The company has set December 27, 2024, as the record date for its stock split, where one ₹10 face value share will be divided into two ₹5 face value shares. Shareholders holding Mazagon Dock shares in their demat accounts before this date will be eligible for the split..

What will happen if the stock split?

This is the first time in the company's trading history that Mazagon Dock has announced a stock split.
While the company has issued dividends in the past, it has never previously conducted a stock split or issued bonus shares.
A stock split is typically done to increase shares outstanding and improve liquidity by making the stock more affordable.
Mazagon Dock shares hit a record high of ₹5,860 in July 2024, but have since fallen over 22%.
As of September 2024, the government held an 84.83% stake in Mazagon Dock, well above the 75% minimum public shareholding requirement.
Despite the decline from its peak, the stock has still doubled investor wealth in 2024, rising by 98%.

Technical Analysis :

Growth of Mazagon in 4 years...!

140% in 1 year...!Observation :

Since Mazagon is at its best in fundamentals and technicals, we can expect further drastic growth in the next five years. It's good to utilize this stock split opportunity to accumulate Mazagon's shares in the portfolio. The company has given the best returns in the past and will continue to do so in the future.

Disclaimer :

The stock analysis and opinions provided are for informational and educational purposes only. They do not constitute financial advice or a recommendation to buy, sell, or hold any security. Investments in the stock market are subject to market risks, including the potential loss of principal. By accessing this information, you agree to use it at your own risk and assume full responsibility for your investment outcomes.

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Gajapriya Annadurai
Full Time Trader & Investor, Founder @Stark School of Finance.

Technical Analysis of Mazagon Dock

"Mazagon Dock sets record date for stock split."

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