Mazagon Dock Snaps 6-Day Fall on ₹15,000 Crore Shipyard Plan

Mazagon Dock Snaps 6-Day Fall as ₹15,000 Crore Shipyard Plan Comes in Focus Mazagon Dock shares rose nearly 2% on 18 Sept 2026, ending a six-session fall after a ₹15,000 crore Maharashtra shipyard plan. Key levels and stance inside. Mazagon Dock Shipbuilders [

] rose nearly 2% on Friday, 18 September 2026, snapping a six-session losing streak. The stock traded around ₹2,251.90 on the NSE after touching ₹2,176 a day earlier, its lowest level in about five and a half months. It still closed lower on a weekly basis for the third consecutive week. Trigger: Director (Finance) Ruchir Agrawal told CNBC-TV18 the company is looking at an investment of up to ₹15,000 crore in a Maharashtra shipyard, targeting 15–17% returns, with a binding agreement expected soon. He also said the P75I submarine order is expected in the current fiscal. He added the company will bid for the Navy's Project 75 Bravo RFP. Levels Support: ₹2,057 and ₹1,918 Resistance: ₹2,336 and ₹2,657 Stance Neutral. The bounce is news-driven, while the weekly trend remains weak. Price behaviour near the support zone and volume on any further rise will be important to watch. A sustained fall below ₹2,057 would expose ₹1,918, while a rise towards ₹2,657 would need follow-through over several sessions. Disclosure: I have no holding in the mentioned scrip. This content is shared solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell.