Budget 2021 Stocks With Anil Singhvi – Mazagon Dock Shipbuilders is a TOP stock to buy now, says expert Ambareesh Baliga
Top Stocks to Buy with Anil Singhvi – Mazagon Dock Shipbuilders: In today’s edition of ‘Budget My Pick’ with Zee Business Managing Editor Anil Singhvi, Market Expert Ambareesh Baliga picked a stock from the defence PSU sector. The Expert picked Mazagon Dock Shipbuilders as his top buy. Know why he selected this stock for top returns. (#BudgetOnZee #BudgetMyPick)
This is a Miniratna company which manufactures ships and submarines. The capacity of Mazagon Dock Shipbuilders is 40,000 DWT which is Deadweight Tonnage - a measure of ship's ability to carry different items including cargo, stores, ballast water, provisions and crew etc.
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Mazagon Dock Shipbuilders builds warships and submarines for the Ministry of Defence to be used by Indian Navy. Apart from this it makes other vessels too which is for commercial customers.
He said that the orderbook of Mazagon Dock is excellent going in excess of Rs 54,000 cr. His expectations of Earnings Per Share (EPS) for FY22 is approximately 30.
He puts Mazagon Dock Shipbuilders target price at Rs 360 and his view on this stock is for three months.
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— Zee Business (@ZeeBusiness) January 28, 2021
Mazagon Dock Shipbuilders stock was trading at Rs 205.30 on the NSE at the time of recommendation.
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