Mazagon Dock Shipbuilders Ltd. - Mid and Long Term Opportunity
Date: 16-Dec-2023
Rating: Buy (Mid Term as well as Long Term Opportunity)
LTP: Rs. 2,082.85
Target: (1) Rs. 2,360 --> (2) Rs. 2,484 --> (3) Rs. 2,943++
Outlook: To counter China in Indian Ocean region, India plans to have 160 warships by 2030 and 175 by 2035 at an estimated cost of two trillion rupees.
MAZDOCK
is considered one of the beneficiaries.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy (Mid Term as well as Long Term Opportunity)
LTP: Rs. 2,082.85
Target: (1) Rs. 2,360 --> (2) Rs. 2,484 --> (3) Rs. 2,943++
Outlook: To counter China in Indian Ocean region, India plans to have 160 warships by 2030 and 175 by 2035 at an estimated cost of two trillion rupees.
MAZDOCK
is considered one of the beneficiaries. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Comment:
Update: 5-Feb-2024
LTP: 2205.70 (on 2-Feb-2024)
Keeping a stop loss at 2020. Will hold till than.
LTP: 2205.70 (on 2-Feb-2024)
Keeping a stop loss at 2020. Will hold till than.
Trade closed: stop reached:
12-Mar-2024:
LTP: 2018.20
Stop loss hit. Closing the call and exited.
LTP: 2018.20
Stop loss hit. Closing the call and exited.
Target 1 of Rs. 2,360 achieved. 12% up from suggested level.
NEXT TARGET: Rs. 2,484