{"id":60848,"date":"2022-08-29T15:05:00","date_gmt":"2022-08-29T09:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=60848"},"modified":"2022-08-29T15:03:01","modified_gmt":"2022-08-29T09:33:01","slug":"psu-stock-jumps-15-today-to-reach-its-all-time-high-despite-market-fall","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-jumps-15-today-to-reach-its-all-time-high-despite-market-fall\/","title":{"rendered":"PSU stock jumps 15% today to reach its all time high despite market fall"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3863304551\"><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>The shares of Mazagon Dock Shipbuilders Limited opened at Rs 344 on Monday and rose by approximately 15 per cent to reach its new All time high of Rs 399 in the early trading hours. The stock has gained more than 27 per cent in the last five days. In the span of a month, the stock has zoomed by more than 40 per cent.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1015381088\"><!-- 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>In January, the stock was trading at Rs 283 a piece. From there it has climbed to the current levels, delivering a return of approximately 39 per cent YTD. In a year, the stock has delivered a return of more than 64 per cent to investors.\u00a0<\/p><p>The rally began when the company posted its highest ever quarterly revenue of Rs 2,230 crores in Q1FY23 which is an 84 per cent jump from the same period last year when it earned Rs 1,214 crores.\u00a0<\/p><p>In the quarter under review, its net profit stood at Rs 217 Crores which is an increase of 134 per cent from Rs 92 crores which it earned in Q1FY22.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2649769177\"><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>The company during the quarter achieved a remarkable feat by launching the fourth P15B-Visakhapatnam Class Guided Missile Destroyer namely \u2018Surat\u2019 and the second P17A Nilgiri Class Stealth Frigate namely \u2018Udaygiri\u2019 on the same day.&nbsp;<\/p><p>The promoters hold an 84.83 per cent stake in the company with zero shares pledged. The company has a dividend yield of 2.22 per cent. The is undervalued in the market as sectoral PE is at 12.48 while the TTM PE of Mazagon Dock Shipbuilders is at 11.16.\u00a0<\/p><p>Mazagon Dock Shipbuilders Limited, formerly called Mazagon Dock Limited, is a shipyard situated in Mazagaon, Mumbai. It manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. It also builds tankers, cargo bulk carriers, passenger ships, and ferries.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-1975332234\"><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>The shares of Mazagon Dock Shipbuilders Limited opened at Rs 344 on Monday and rose by approximately 15 per cent to reach its new All time high of Rs 399 in the early trading hours. The stock has gained more than 27 per cent in the last five days. In the span of a month, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"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":[],"class_list":["post-60848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-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>PSU stock jumps 15% today to reach its all time high despite market fall - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/psu-stock-jumps-15-today-to-reach-its-all-time-high-despite-market-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSU stock jumps 15% today to reach its all time high despite market fall\" \/>\n<meta property=\"og:description\" content=\"The shares of Mazagon Dock Shipbuilders Limited opened at Rs 344 on Monday and rose by approximately 15 per cent to reach its new All time high of Rs 399 in the early trading hours. 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