<ul><li>Shares of Mazagon Dock Shipbuilders Ltd. are expected to face further downside in 2025, following a 150% rally earlier this year. The stock currently trades in the 'bearish territory' and is testing the entry into the bearish zone.</li><li>The stock split bound Mazagon Dock Shipbuilders Ltd. trades ex-date on Thursday for its 1:2 stock split. The stock finds support at the Rs 4,595 to Rs 4,545 level, but the temporary momentum looks negative.</li><li>Two out of the five analysts tracking the company have a 'buy' rating on the stock, while the average of 12-month analyst price targets implies a potential downside of 14%.</li><li>Indian defence firms are expected to experience a revival in 2025, with robust order books and strategic policy measures. Order inflow in the defence sector is expected to increase sharply in the upcoming year.</li></ul>

Stock Of The Day: Mazagon Dock Shares Yet To Hit Bottom As 150% Rally Cools Off

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