Mazagon Dock Shares Slip Amid Target Cut

  Published 7 months ago

Mazagon Dock shares drop 1.3% as J.P. Morgan cuts target, cites order delays and overruns.

  • Target price lowered to 2,468 rupees, indicating roughly 10.8% downside from the current price in today's market.
  • EPS forecasts for FY26‑FY28 cut by 8‑12% due to overruns and provisioning on cost escalations.
  • Analysts rate Mazagon Hold, median target 3,320 rupees, despite a 22.5% YTD gain so far.

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