Mazagon Dock's shares Surges

"Mazagon Dock’s shares surged over 5 percent on the morning of February 28, despite the broader market trading in negative territory. The trading volume for the company was significantly higher than the average daily volume for both the past week and month. By 11:43 am, the stock was priced at Rs 2,138, marking a 2.17 percent increase from the previous day’s close.

Over the last year, Mazagon Dock’s stock has witnessed substantial growth, soaring by more than 200 percent and delivering significant returns for investors, tripling their initial investment. In contrast, the benchmark Nifty index gained 27 percent during the same period. The recent week saw Mazagon Dock, known for manufacturing dredges, water tankers, cargo ships, and multipurpose support vessels, announcing changes in its management."