5 Key Insights for Swing Trading in Mazagon Dock Shipbuilders Ltd (MAZDOCK)
Mazagon Dock Shipbuilders Ltd (MAZDOCK) presents a strong opportunity for a swing trading. As we know, swing trading has the potential for higher returns per trade, and unlike day trading, it does not require constant market monitoring throughout the day, making it ideal for everyone.
About the company
Market Cap – ₹ 1,18,711 Cr.
Mazagon Dock Shipbuilders Limited (MDL), based in Mumbai and founded in 1774, is one of India’s foremost shipyards. Starting as a modest dry dock, MDL has grown into a distinguished shipbuilding company, having constructed over 800 vessels since 1960. Its portfolio includes warships, submarines, cargo and passenger ships, as well as offshore platforms.
Key Highlights
1. Leading Shipyard in India
MDL is a top-tier shipyard in India, specializing in the construction and maintenance of warships and submarines for the Ministry of Defence, along with commercial vessels. It stands out as the only Indian shipyard to have built destroyers and conventional submarines for the Navy. The company was also among the pioneers in manufacturing Veer and Khukri-class corvettes and is the lead builder of four Nilgiri-class stealth frigates. MDL is uniquely honored with the prestigious Navratna status.
2. Business Segments
- Shipbuilding: Encompasses the construction and repair of commercial vessels as well as naval ship refits.
- Submarine & Heavy Engineering: Covers the building, repair, and refitting of diesel-electric submarines.
3. Vessel Production
MDL has delivered a total of 802 vessels, including various classes of warships, submarines, destroyers, missile boats, and frigates for the Indian Navy and Coast Guard. It also manufactures offshore platforms, cargo and passenger ships, tugboats, and other specialized vessels for clients both domestically and internationally.
4. Revenue Breakdown (FY24)
- Submarine & Ship Manufacturing: 97%
- Submarine & Ship Repairs: 3%
5. Order Book
As of Q2 FY25, MDL’s order book stood at ₹39,872 crore, covering 37 vessels planned for delivery.
Order Book Composition:
- Shipbuilding: 70%
- Submarine & Heavy Engineering: 30%
Daily Chart
Entry Price : around 2900-2940
SL Price : If price sustain around 2600, Exit
Target Price : T1- 3500, T2- 3800, Exit when price comes near this labels
Duration : 6-7 months
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