Mazagon Dock Shipbuilders Limited (MAZDOCK) Best 1
Mazdock
Mazagon Dock Shipbuilders Limited, formerly called Mazagon Dock Limited, is a shipyard situated in Mazagaon, Mumbai. It manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling.
The Stock CMP as on 01-09-2022 Rs. 402.50 (NSE)
Mazdock
BIG NEWS – Concor (Container Corporation of India Ltd.) has placed single largest order for 10,000 containers on Bhavnagar-based new entrant APPL Containers for ₹477 Crore.
It indicates large future possibilities for container manufacturing in Bhavnagar. India has been eyeing manufacturing of cargo containers, a segment dominated by China which makes about 90% of global shipping containers. Previously, India too sourced its entire container needs from China. But recently, Concor placed container orders for 1,000 containers each on BHEL and Braithwaite & Co. Ltd, 2,500 containers on Mazagon Dock Shilpbuilders Ltd qnd another 3,500 containers on four indigenous suppliers based in the southern part of India. India itself will require approximately 60,000 new containers between now and 2026.
Mazagon Dock Shipbuilders’s Earnings Per Share Are Growing.
If you believe that markets are even vaguely efficient, then over the long term you’d expect a company’s share price to follow its earnings per share (EPS). It’s no surprise, then, that I like to invest in companies with EPS growth. Mazagon Dock Shipbuilders managed to grow EPS by 15% per year, over three years. That’s a good rate of growth, if it can be sustained.
Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. The good news is that Mazagon Dock Shipbuilders is growing revenues, and EBIT margins improved by 3.6 percentage points to 6.1%, over the last year. Ticking those two boxes is a good sign of growth, in my book.
Technical View (Mazdock) :
- On Monthly, Weekly and Daily chart, the stock has been trading with momentum triple pattern theory.
- The stock has just made a new life time high level.
- On Monthly chart, the volume is increasing since last 3 months with rise in stock price also.
- Monthly RSI indicator is trading at 75.32 level which indicates over buying in the stock.
- Based on the above technical points, can expect further upside move in the stock in upcoming days.
