Mazagon Dock Shipbuilders' share price in focus as the government to sell 4.8% in defense today via of OFS | Einsmark news

Mazagon Dock Shipbuilders’ share price will be in focus on Friday after the company announced that the government will sell up to 4.8% stake in the Defense PSU through an offer (OFS). The government will sell up to 4.83% stake in Mazagon Dock shippers at a floor price of £ 2.525 per share. “Offer for sale in Mazagon Dock Shipbuilders Limited (MDL) opens tomorrow to investors who are not retail. Retail investors can bid on Monday. The government will sell the 2.83% share with an additional 2% than green shoe option,” Dipam secretary Arunish Chawla said in a post on 3 April. For Institutional Investors, Mazagon Dock Shepbuids ofes will be on Friday, 4, shopping malls can sell on April 7, the government sells 1.14 crore shares of Mazagon Dock Shipbuilders, with a Greenshoe option to sell additional 80.67 lakh shares. Mazagon Dock ofs of up to 4.83% stake at a floor price of £ 2,525 per piece would fetch around £ 5,000 to the government. Mazagon Dock Shipbuilders share price performance Mazagon Dock Shipbuilders The share price has seen a significant increase, rising 27% over the past month and rose 22% on a year to date (YTD). Over the past six months, the Defense PSU shares have risen by 34%. This robust performance is in a sharp contrast to the benchmark Sensex, which has risen by 4.4% over the past month, but fell 2.8% YTD and fell 7.5% during the six -month period. On a longer-term basis, Mazagon Dock Shipbuilders has delivered extraordinary returns, which have risen an impressive 2.076% over the past three years, rising in the multibagger category. On Thursday, Mazagon Dock Shipbuilders shares finished 5.05% higher at £ 2,735.45 per piece on the BSE, with a market cap of £ 1,10,342 crore. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.