Mazagon Dock Soars Over 4% as Trading Volume Exceeds 18 Lakh Shares
By Ankur Chandra | Updated at: Jun 17, 2025 01:09 PM IST
Mumbai, June 17, 2025: Shares of Mazagon Dock Shipbuilders Ltd (NSE: MAZDOCK) recorded a sharp surge of 4.34% in early Tuesday trading, reaching ₹3,302.90, up by ₹137.30 from the last close of ₹3,165.60. The stock attracted significant market attention, with trading volumes exceeding 18.23 lakh shares during the session.
At 10.53 am, shares of Mazagon Dock Shipbuilders Ltd surged 5.48% to ₹3,339.00, gaining ₹173.40 from the previous close in morning trade. The stock opened at ₹3,165.00 and touched an intraday high of ₹3,339.50, with a low of ₹3,152.40 so far. At this level, the company’s market capitalisation stands at approximately ₹1.35 lakh crore, with a P/E ratio of 55.81. Despite no declared dividend yield or quarterly payout, investor interest remains strong. The stock continues to trade near its 52-week high of ₹3,775.00, well above the 52-week low of ₹1,918.05.
Order Book Insight
| Buy Quantity | Sell Quantity |
|---|---|
| 5,79,788 | 2,66,755 |
The sharp difference between buy and sell volumes shows strong bullish sentiment, with bid prices moving closely behind the ask prices.
Trade Snapshot
| Indicator | Value |
|---|---|
| Traded Volume (Lakhs) | 18.23 |
| Traded Value (₹ Cr.) | 593.40 |
| % Deliverable / Traded Quantity | 22.75% |
| Total Market Cap (₹ Cr.) | 1,33,103.30 |
| Free Float Market Cap (₹ Cr.) | 20,229.61 |
| Daily Volatility | 3.62 |
| Annualised Volatility | 69.16 |
| Applicable Margin Rate (%) | 27.79 |
Company Metrics and Stock Details
| Parameter | Detail |
|---|---|
| Listing Date | 12-Oct-2020 |
| Trading Status | Active |
| Industry | Ship Building & Allied Services |
| Adjusted P/E | 56.07 |
| Symbol P/E | 56.07 |
| Index | NIFTY MIDCAP 100 |
| Face Value (₹) | 5 |
Recent Price Activity
On June 16, Mazagon Dock ended the session at ₹3,165.60, posting a volume-weighted average price (VWAP) of ₹3,145.81. The session saw more than 30.42 lakh shares change hands, with the turnover exceeding ₹957 crore, underlining robust investor participation.
Surge Driven by Defence Order Pipeline, F&O Spike, and Analyst Backing
Expectation of Mega Defence Orders ₹1.25 Lakh Crore Pipeline
Mazagon Dock is reportedly in contention for major submarine contracts under Project 75I, which alone is valued at over ₹43,000 crore. The company’s total order book is expected to rise from ₹32,260 crore to nearly ₹1.25 lakh crore in the coming quarters, according to brokerage estimates. This anticipated growth has triggered renewed investor confidence.
Strong Analyst Endorsements
Mazagon Dock has been listed as one of the top defence picks for FY26 by experts, citing sustainable revenue visibility. Analysts highlight that the company could see 8-10% revenue CAGR over the next 2-3 years, supported by its defence manufacturing monopoly and healthy execution track record.
Spurt in Futures & Options Activity
As of June 17 morning session, open interest in Mazagon Dock futures jumped over 18%, reflecting strong participation by derivatives traders. The build-up in long positions typically signals bullish sentiment and has historically coincided with short-term price rallies.
Sector-Wide Momentum: Defence Stocks in Focus
The broader defence and PSU shipbuilding segment saw robust action. Peers like Cochin Shipyard surged over 6%, and GRSE rose more than 4.5% on the same day. This sectoral rally is driven by government policy focus, increasing defence indigenisation, and a ₹16 trillion domestic procurement pipeline under the “Atmanirbhar Bharat” push.
Government Policy Support & FDI Boost
Recent modifications in the FDI policy in defence increasing the automatic route limit and easing approval norms-have made the sector more attractive to institutional investors. This policy environment has favoured listed defence PSUs, especially those like Mazagon Dock that are deeply involved in capital-intensive naval projects.
Company Profile
Mazagon Dock Shipbuilders Ltd is a state-run shipyard operating under India’s Ministry of Defence. It specialises in building and servicing warships and submarines for the Indian Navy, as well as commercial clients. The company is listed on the National Stock Exchange (NSE) and is part of the NIFTY MIDCAP 100 index, representing India’s mid-sized but high-performing listed companies.
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