On April 15, 2025, Mazdock share price was trading at Rs 2,645.90, showing an impressive 8.79% gain at 10:45 AM. The stock opened the day at Rs 2,490, climbed to a high of Rs 2,647, and touched a low of Rs 2,473. The previous day’s closing price was Rs 2,432.
Why Is Mazagon Dock’s Share Price Rising?
The rise in Mazagon Dock’s share price is attributed to the upcoming second interim dividend of Rs 3 per share, which is set to be paid before May 7, 2025. Investors are rushing to buy the stock ahead of the record date, April 16, to be eligible for this dividend. The stock’s surge is likely a result of increased buying interest as traders and investors aim to benefit from the dividend payout.
Mazagon Dock’s Recent Performance and Dividend History
Over the past 12 months, Mazagon Dock Shipbuilders has declared a total of 10 dividends. In the last year, the company has consistently rewarded shareholders, with the total equity dividend for the past year amounting to Rs 35.30 per share. This consistent dividend history has made the stock attractive to investors.
Strong Orderbook and Positive Outlook
The company’s strong orderbook of Rs 33,000 crore has bolstered its market sentiment. Mazagon Dock aims to execute Rs 10,000 crore worth of orders in FY26, with a focus on export deals worth Rs 800 crore. The management has emphasized that these factors will help the company sustain its revenue growth in the coming financial year.
Mazagon Dock’s Stock Performance: Past Week and Year
Despite recent fluctuations, Mazagon Dock’s share price has gained 8.36% year-to-date and 10.99% over the last six months. Notably, the stock has surged by an impressive 120.45% over the past year, reflecting strong investor confidence.
This surge in share price is not just driven by dividend anticipation but also by the company’s positive business outlook and consistent financial performance.