MAZAGON DOCK CONFIRMS WINNING DEFENSE DEAL OF Rs 99,000 CRORE

has confirmed the defense contract worth Rs 99,000 crore with the Indian Navy, providing crucial updates on the contract negotiations status. The Indian Navy has been looking to finalise deal for 6 German submarines from Thyssenkrupp Marine Systems. The submarines would be constructed in Mumbai by . This project is expected to further strengthen industrial and strategic ties between India and Germany. The stock has been a multibagger with 7x returns in the past 3 years. It is currently trading at a discount of 30% from it's all time high price, making it an ideal time to buy this stock for long term gains.