MAZDOCK

Shipbuilders, Garden Reach, Cochin Shipyard stocks: Infra status to large ships; Check analyst view

Mazagon Dock Shipbuilders, Garden Reach, Cochin Shipyard Stocks: Defense stocks are back in momentum after a brief phase of consolidation. The rising geopolitical tensions and governments' increased focus on defence spending have made these stocks favourite of retail investors. On Monday (September 22), shares of shipbuilding companies jumped up to 5 per cent as the government approved infrastructure status to large ships. The move was first announced in the Budget for 2025-26 by Finance Minister Nirmala Sitharaman. Mazagon Dock Shipbuilders made a high of Rs 3061.4 on NSE (up 2.56 per cent) while Garden Reach Shipbuilders surged 5 per cent to make a high of Rs 2760. Cochin Shipyard, which has announced signing five MoUs, climbed 4 per cent to touch a high of Rs 1979.90.