Mazagon Dock, Avenue Supermarts, and 4 Other Nifty 500 Stocks Trading Below the RSI 30 Level; Do You Hold Any?
India, Oct. 29 -- Mazagon Dock Shipbuilders Limited
Mazagon Dock Shipbuilders Limited is a Government of India-owned defence shipbuilding company headquartered in Mumbai. Established in 1774 as a dockyard, it became a major shipbuilder for the Indian Navy and Coast Guard. Its core business includes the construction, repair and refitting of warships, destroyers, stealth frigates and conventional submarines. The company also manufactures commercial vessels and offshore structures for the oil and gas industry.
With a market capitalization of Rs. 70,359.56 crores on Thursday, the shares of Mazagon Dock Shipbuilders Limited were trading at Rs. 1,744.25 per equity share, with an RSI of 21.86 indicating that it is in the oversold zone, offerin...
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