GOLDMAN SACHS ON MAZAGON DOCK ; SELL | TP ₹1,855

• Goldman Sachs maintains SELL rating on Mazagon Dock with a target price of ₹1,855. • Q2 FY27 results indicate the beginning of an earnings decline. • Fresh order inflows remain a key factor to watch for future growth. • Delays in securing new orders could weigh on the company's earnings outlook. • Goldman Sachs expects Mazagon Dock's stock performance to remain subdued.

MAZAGON DOCK SHIPBUIL LTD

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