Mazagon Dock Shipbuilders has emerged as the top gainer in the Nifty 500 index today. Mazdock share price surged over 18% to hit a new 52-week high of ₹1,006 on Monday.
The massive jump in the Mazdock share price comes as media reports suggest that the company is on the verge of receiving a substantial order. The company also posted robust earnings for the March quarter last month. The company’s revenue from operation went up 49% year-over-year to ₹2,078.6 crore. The company’s net profits for the quarter stood at ₹326 crore, up over 105% YoY.
See Also: Is Olectra Greentech Share A Good Buy?
Now to the section, you are looking for, here’s what would have happened if you invested ₹10,000 in Mazdock stock last year.
If you had invested ₹10,000 in Mazdock on June 6, 2022, when the stock closed at ₹277.55, you would have been able to buy approximately 36 shares. Given today’s stock price of around ₹1,000, those shares would now be worth approximately ₹36,000. This represents a phenomenal return of approximately 260% on your initial investment over just one year.
Price Action: Mazdock’s share price was trading 14.84% higher at ₹962.80 in the late hours of trading on Monday.
Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.
Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.
Read Next: IndiGo Set To Boost Fleet In Mega Aircraft Deal With Airbus
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.