Mazagon Dock Tanks 10% as Govt Launches Stake Sale Amid Market Turmoil

Mazagon Dock shares slumped nearly 10% on April 7 as the government began selling a 4.83% stake at ₹2,525 per share. The stock fell below the floor price, trading at ₹2,317. Market-wide panic, driven by US tariff fears, added pressure. Despite the fall, the OFS was oversubscribed 142% by day's end.