Mazgaon Dock Board is meeting on 10 Nov to declare q2 result and also interim dividend- that is What in the public domain & perhaps the market is expecting a strong quarter. But there may be some more information/ update which we may not be aware which has led to such a massive rise of 15% in a single day.
And if there is no other news, and the results does not meet the streets expectation, it may also fall rapidly…so one needs to be cautious while dealing with such stocks.
Discl: All Defence shipping stocks form a part of my defence basket, which I picked up from lower level. Please do your own assessment before investing or whether to remain invested.
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