Mazagon Dock dips before Q1, Analyst sees ₹2,850 as key support
Mazagon Dock dipped 1% ahead of Q1 results, retracing 23% from its all-time high. Analyst Rohit Mehta sees ₹2,850 as a crucial support. Despite strong 5-year profit CAGR of 38.3%, premium valuations and rising contingent liabilities raise caution. Retail sentiment is 'bearish' before earnings.