Investing ₹10,000 In This Large Cap Stock A Year Ago Would Have More Than Quadrupled Your Money

Shares of Mazagon Dock Shipbuilders surged up close to 5% on Monday to hit an all-time high of ₹1,947.

The Investment: If you invested ₹10,000 in Mazdock a year ago on July 25, 2022, you would have been able to purchase around 37 shares of the company. Today, the value of those 37 shares would be over ₹70,000. A seven times return on your initial investment.

See Also: Why Are Kotak Mahindra Shares Plunging Despite Strong Q1 Results?

Background: Shares of the Defence stock have been on an impressive rally over the past year. The stock has gone up over 600% in the past year on the back of strong order wins.

However, analysts at ICICI Securities in their latest note on the stock maintained a “sell” rating on the stock, with a price target of ₹600. The analysts said that at current valuations upside in the stock is limited.

Price Action: Mazdock’s share price was up 4.42% to trade at ₹1,947 at the time of writing on Monday.

Read Next: Mukul Agrawal Raises Stake In This Small Cap Stock That Has Gone Up 60% YTD

Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

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