{"id":109315,"date":"2023-09-07T16:45:31","date_gmt":"2023-09-07T11:15:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109315"},"modified":"2023-09-07T16:48:50","modified_gmt":"2023-09-07T11:18:50","slug":"defence-stock-jumps-10-after-company-sets-record-date-for-dividend-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-10-after-company-sets-record-date-for-dividend-check-the-details\/","title":{"rendered":"Defence stock jumps 10% after company sets record date for dividend; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-294440518\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this defence stock jumped 10 percent in Thursday\u2019s trading session after announcing the Record Date for the purpose of payment of the Final Dividend for FY22-23.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3489609319\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 42,107.83 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MAZDOCK\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Mazagon Dock Shipbuilders Limited<\/a><\/strong> closed at Rs 2,087.75 on Thursday, gaining around 10 percent compared to the previous close of Rs 1,905.10 apiece.\u00a0<\/p><p>One of the probable reasons for the company\u2019s stock price to surge is pertaining to a recent filing the company posted with the exchange dated 6th September 2023. The filing mentioned the company fixing 20th September 2023 as the Record Date for the purpose of payment of the Final Dividend for the financial year 2022-2023.&nbsp;<\/p><p>Within a period of just three months, the company\u2019s stock has proven to deliver multibagger returns of 103 percent, i.e., if someone had invested Rs 1 Lakh into the stock, it would have converted to Rs 2.03 Lakhs within a period of three months.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-436683961\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Digging into the financial numbers reported, the company, during the past couple of financial years, has seen decent growth in operating revenues as well as net profits. The operating revenues went up from Rs 5,733 crores during FY21-22 to Rs 7,827 crores during FY22-23, and, the net profits, in congruence with the pattern, moved from Rs 563 crores to Rs 1,046 crores.&nbsp;<\/p><p>Moreover, the profitability metrics of the company such as the return on equity (RoE) as well as return on capital employed (RoCE) have seen substantial growth with the former jumping from 15.83 percent during FY21-22 to 23.50 percent during FY22-23, and, the latter moving up from 16.79 percent to 26.46 percent keeping the timeframe the same. The net profit\u00a0margin also increased from 9.82 percent to 13.36 percent.\u00a0<\/p><p>The latest shareholding data of the company, as per the quarter ended June 2023, portray the Promoters holding a 84.83 percent stake, and the Foreign Institutional Investors (FIIs) holding a 3.29 percent stake in the company.&nbsp;<\/p><p>Founded in 1934, Mazagon Dock Shipbuilders Limited is engaged in the business of building as well as repairing submarines, ships, and other related engineering products within and outside India.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3192108484\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this defence stock jumped 10 percent in Thursday\u2019s trading session after announcing the Record Date for the purpose of payment of the Final Dividend for FY22-23.&nbsp; With a market capitalization of Rs 42,107.83 crores, the stocks of Mazagon Dock Shipbuilders Limited closed at Rs 2,087.75 on Thursday, gaining around 10 percent compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6247,11816,11815,10828,948,936],"class_list":["post-109315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-defence-stock","tag-mazagon-dock-shipbuilders-dividend-2023","tag-mazagon-dock-shipbuilders-latest-news","tag-mazagon-dock-shipbuilders-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence stock jumps 10% after company sets record date for dividend; 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