Mazagon Dock Shipbuilders also recorded its highest ever revenue and net profit for FY23.

Mazagon Dock Shipbuilders topped the list of gainers with 178 percent returns while Adani Power rose 144 percent; Indian Bank, Varun Beverages, Swan Energy, RHI Magnesita India and Adani Total Gas were among the stocks that doubled.

ICICI Direct recommended hold rating on Mazagon Dock Shipbuilders with a target price of Rs 1025 in its research report dated December 06, 2022.

RITES was up 9 percent to end at record closing high of Rs 410 and formed strong bullish candle on the daily charts with above average volumes. On monthly scale, it has been forming long bullish candle for fifth straight month

Delivery volume climbed by 5.48 percent over the previous month, indicating strong pricing momentum and the stock touched its new all- time high of Rs 607.9 in the early hours of trade today

Mazagon Dock Shipbuilders jumped more than 8 percent to end at record closing high of Rs 556.25, forming strong bullish candle on the daily charts with higher high higher low for fourth consecutive session. The stock gained 30 percent in these four days with above average volumes.

Jindal Steel & Power gained 3.6 percent at Rs 418.2, continuing uptrend for the third consecutive session, while Mazagon Dock Shipbuilders rallied 7.7 percent to end at record closing high of Rs 461.85, forming a bullish candlestick pattern on daily charts.

ICICI Direct is bullish on Mazagon Dock Shipbuilders has recommended buy rating on the stock with a target price of Rs 560 in its research report dated September 15, 2022.

The company that makes warships for the Indian Navy said it posted the highest ever revenue from operations for the June quarter at Rs 2230 crore, which was 84 percent higher from the same period last year.