Up 286% in 1 year! Multibagger defence PSU stock can further gain 19% in next 2 quarters https://ift.tt/K9BjFds shipbuilding company, Mazagon Dock Shipbuilders, has seen a surge in its stock value, rising as much as 286% in the past year. The surge has continued with the stock rising 37% in the past month. The company has strong order backlog of INR 38,754 crore as of March 2023 and is expected to benefit from upcoming bids from the Indian Ministry of Defence, helping to improve the order book and revenue visibility of the company. Investors are advised to invest in the stock in the Rs. 1009-1050 band with a base target price of Rs. 1,131.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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