Mazagon Dock Shipbuilders Share Price: Shares of defense sector famous company Mazagon Dock Shipbuilders Limited are in focus. The company’s shares have seen a rise for the second consecutive trading day. Today the price of this stock in BSE rose by more than 7 percent to reach an intra-day high of Rs 4850. In just two trading days, the prices of this defense stock have seen a rise of more than 14 percent. The reason behind the rise in the company’s shares is believed to be the news related to stock split.
The sound of stock split did
Mazagon Dock Shipbuilders Limited had said in the information given to the stock markets last week that the decision on interim dividend and stock split will be taken in the board meeting. The board meeting of the company is proposed on Tuesday, October 22, 2024. If the decision on stock split is taken in the board meeting, then the company will distribute shares for the first time. Let us tell you, the company has fixed the record date for dividend as 30 October 2024.
The company last traded ex-dividend on September 19, 2024. Then the company got a dividend of Rs 12.11 on one share. If the board’s approval is given tomorrow, the company will trade ex-dividend for the second time this calendar year. Let us tell you, in 2023 the company had done ex-dividend trade twice.
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Company’s rebellion in stock market
The last few weeks have been full of difficulties for investors. However, then recovery has been seen in this defense stock. Mazagon Dock Shipbuilders has made a profit of 113.60 percent for positional investors in 6 months. At the same time, the price of this stock has increased by 125 percent in one year. Let us tell you, 52 week high level of Mazagaon Dock Shipbuilders Limited is Rs 5859.95 and 52 week low level is Rs 1742.
