Mazagon Dock shares approach record high, here are fresh price targets
Shares of Mazagon Dock Shipbuilders approached their record high on Tuesday even as the stock market saw profitbooking after a stellar rally in the previous session. Mazagon Dock shares rose 4.38% or Rs 127.35 to Rs 3032.30 in the current session amid a correction in Sensex and Nifty. While Sensex lost 1224 points to 81,205, Nifty plunged 319 pts to 24,504 in the afternoon session today.
The defence stock looked set to end in the green today, short of the record high of Rs 3,170 reached on May 2, 2025.
Amol Athawale, VP-technical Research, Kotak Securities said if the stock falls below Rs 2800,traders are likely to sell the stock.
“On daily charts, the stock is forming higher highs and higher lows, which is largely positive….
