Mazagon Dock shares shed 5% as Q1 profit drops 35% YoY. Should you buy at current levels?
Mazagon Dock shares: Mazagon Dock Shipbuilders experienced a share dip following the report of a profit decline in the June quarter. The company's net profit decreased compared to the previous year. However, revenue saw a rise. Antique maintained a 'Buy' rating, anticipating order book growth. Potential order delays were flagged as a risk. The brokerage firm adjusted its earnings per share estimate.