Aerospace & Defence · MAZDOCKS
Ship - Docks/Breaking/Repairs
from 2,540 today
We initiate coverage on Indian Defence Sector with a Hold rating on Mazagon Dock Shipbuilders and a target price of Rs 2,875.
Follow-on orders for three Scorpene submarines and six P75-I submarines can significantly elevate the order book and drive medium-term revenue growth. We maintain a BUY rating on the stock.
We maintain a BUY rating with a target price of INR 3,275, driven by an expected robust order pipeline including P75I submarines and other large-ticket orders.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
