Mazagon Dock Shipbuilders filed its latest shareholding data with the exchanges on Friday evening.
What Happened: According to the data, the shipbuilding company’s mutual fund holdings went up marginally during the July-September quarter. Mutual funds now hold a 0.76% stake in the company, compared to the 0.68% shares they held at the end of June 2024.
See Also: 62 Lakh Retail Investors Now Hold Yes Bank, Mutual Funds Raise Stake In Q2
Retail investors also raised their holding in the PSU stock. In the July-September quarter, the stake of retail investors holding up to ₹2 lakh went up 10.60% from 9.06% at the end of June. The number of holders went up to 6.56 lakh in September, a 41% jump compared to 4.64 lakh at the end of June.
Foreign institutional investors, on the other hand, significantly reduced their stake during the three-month period. FIIs currently hold a 1.45% stake in the defence major, down from the 2.44% stake they held at the end of the June quarter.
Earlier in the week, the company won a contract from the Maharashtra State Power Generation Company Limited (MAHAGENCO) for an AI-based Comprehensive Infrasecure Project.
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