MAZAGON DOCK, NALCO, REC, Power Finance Corporation Shares Shine in Lackluster Market
Mazagon Dock Shipbuilders , NALCO, HMT, Power Finance Corporation Shares were trading firm on Thursday while overall markets were trading flat. NSE Nifty opened at 23,775 and touched intraday high of 23,854. The markets were trading almost flat at 23,741 and we could see weakness if markets drop below 23,700. PSU stocks were largely trading positive in today's trade.
Stock | Open | High | Low | 52-wk High | 52-wk Low |
---|---|---|---|---|---|
Mazagon Dock Shipbuilders | Rs 4650.0 | Rs 4838.0 | Rs 4622.0 | Rs 5860.0 | Rs 1795.4 |
National Aluminium (NALCO) | Rs 216.69 | Rs 219.2 | Rs 213.41 | Rs 262.99 | Rs 114.7 |
Power Finance Corporation | Rs 453.0 | Rs 460.6 | Rs 451.65 | Rs 580.0 | Rs 351.7 |
REC Limited | Rs 509.25 | Rs 515.9 | Rs 507.05 | Rs 654.0 | Rs 405.25 |
Fibonacci Levels for Each Stock
Mazagon Dock Shipbuilders:
23.6%: Rs 4672.98
38.2%: Rs 4704.51
50%: Rs 4730.00
61.8%: Rs 4755.49
78.6%: Rs 4791.78
National Aluminium (NALCO):
23.6%: Rs 214.78
38.2%: Rs 215.62
50%: Rs 216.31
61.8%: Rs 216.99
78.6%: Rs 217.96
Power Finance Corporation:
23.6%: Rs 453.76
38.2%: Rs 455.07
50%: Rs 456.12
61.8%: Rs 457.18
78.6%: Rs 458.68
REC Limited:
23.6%: Rs 509.14
38.2%: Rs 510.43
50%: Rs 511.48
61.8%: Rs 512.52
78.6%: Rs 514.01
Mazagon Dock Shipbuilders (MAZDOCK)
Sector: Defense & Shipbuilding
Key Highlights:
Leading public sector enterprise specializing in building warships and submarines for the Indian Navy.
High growth driven by increasing defense spending and modernization programs.
Financial Metrics:
Market Cap: Rs 96.75K Cr
P/E Ratio: 37.65 (indicating moderate valuation)
Dividend Yield: 0.74% (low, indicating growth focus)
Trading Range:
52-Week High: Rs 5,860.00
52-Week Low: Rs 1,795.40
Recent Performance: Strong price rally fueled by strategic defense contracts and increased order book.
National Aluminium Company (NALCO)
Sector: Metals & Mining
Key Highlights:
One of India's largest integrated bauxite, alumina, and aluminum producers.
Highly linked to global aluminum price trends and demand.
Financial Metrics:
Market Cap: Rs 40.24K Cr
P/E Ratio: 12.98 (attractive valuation for a cyclical stock)
Dividend Yield: 3.65% (solid dividend-paying track record)
Trading Range:
52-Week High: Rs 262.99
52-Week Low: Rs 114.70
Recent Performance: Stable due to global metal demand recovery, but cautious due to commodity price fluctuations.
Power Finance Corporation (PFC)
Sector: Financial Services (Power Sector Focus)
Key Highlights:
A leading NBFC (Non-Banking Financial Company) financing power projects across India.
Growth driven by government energy initiatives and infrastructure funding.
Financial Metrics:
Market Cap: Rs 1.51L Cr
P/E Ratio: 7.14 (very undervalued)
Dividend Yield: 2.67% (moderate yield)
Trading Range:
52-Week High: Rs 580.00
52-Week Low: Rs 351.70
Recent Performance: Strong financial position with increased profitability, benefiting from power sector reforms.
REC Limited (REC)
Sector: Financial Services (Infrastructure Financing)
Key Highlights:
Provides financial assistance to power projects in India, including renewable energy.
Collaborates closely with government initiatives like “Power for All.”
Financial Metrics:
Market Cap: Rs 1.35L Cr
P/E Ratio: 9.09 (relatively undervalued)
Dividend Yield: 3.31% (good yield for income-focused investors)
Trading Range:
52-Week High: Rs 654.00
52-Week Low: Rs 405.25
Recent Performance: Strong performance, supported by robust earnings and better asset quality.