<ul data-eligibleForWebStory="false"><li>Asian Markets Securities has initiated coverage on Mazagon Dock Shipbuilders Ltd. and given it a 'sell' rating with a target price of Rs 2,100.</li><li>This is the second bearish rating on the stock, following JPMorgan's 'underweight' rating last month.</li><li>The brokerage is concerned about premium valuations and values Mazagon Dock Shipbuilders at a price-to-earnings ratio of 24 times FY28E EPS.</li><li>While the growth story appears strong for fiscal years 2029-2035, the brokerage anticipates a structural execution gap in fiscal years 2027-2028, impacting revenue visibility post fiscal year 2026.</li></ul>

Mazagon Dock Rated New 'Sell' At Asian Markets Securities As Brokerage Says Premium Valuations A Concern

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