Goldman Sachs initiated Sell ratings on both shipbuilders, citing weak order visibility and an expected earnings decline. It set 12-month price targets of Rs 1,855 for Mazagon Dock and Rs 1,515 for Garden Reach.
Goldman Sachs initiated Sell ratings on both shipbuilders, citing weak order visibility and an expected earnings decline. It set 12-month price targets of Rs 1,855 for Mazagon Dock and Rs 1,515 for Garden Reach.
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