Mazgaon Dock Shipbuilders are experiencing a bleak period with the once multibagger share being in a free fall. The liquefied gas has touched a 52-week high of ₹ 5,860, but the recent closure rate is only ₹ 4,965 that is 15% down. This move reverses a great up move where the stock returned 156% in 7- 8 months and 105% in the last three months specifically.
**Trend of the Last Five Years and Market Analysis**
The Budget has publicly unveiled Mazgaon Dock’s problems with their Amaral stock, which has been losing its ground since then, going down for 2%. Five days ago it fell 5% and 4. The latest up to date percentage was 5% lower than the previous month’s figure. What was earlier a stock with a clear upward trajectory, is now in contention, with an uncertain outlook.
**Brokerage Firm's Warning: A Potential 77% Reduction**
For the investors, a word of warning has been provided by ICICI Securities, a popular brokerage company. The firm stated that the price of shares of Mazgaon Dock can drop to an extent of 77% and the target price set is ₹ 1165. It has however helped many investors to rethink and change sides.
Of course, with this view of the stock, comes what is, or should be, a clear decision; to Hold or to Sell? **
With the stock's recent performance and the stark warning from ICICI Securities, investors are left with a critical decision: The goal is either to hang on for a bounce back in the financial markets to be able to recover the current or to sell before eating a losses. However, as always the reader should seek the help of a professional advisor when dealing in the financial markets, particularly this one.
**Disclaimer**: It important to note the following article is for informative and should not be taken as a financial advice. It is always wise to go through your research or even seek advice from your financial planner.(alert-warning)
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