Cochin Shipyard, Mazagon Dock, GRSE Rally as Defence Shipbuilding Stocks Soar on Robust Orders and Policy Push

Cochin Shipyard Ltd shares surged nearly 7% intraday on Wednesday, reaching ₹2,175 on the NSE, driven by substantial trading volumes, but as of 13:35 PM, the stock was trading at ₹2098.00, with an increase of 3.11%. Around 85.23 lakh shares, worth ₹1,810.7 crore, were traded during the session. The stock has posted an exceptional return of over 700% over the last two years, indicating strong investor interest and consistent financial strength.

Mazagon Dock Climbs to New Highs

Mazagon Dock Shipbuilders Ltd continued its upward trajectory, with shares rising as much as 3.2% to ₹3,548 on the BSE during intraday trading. This surge elevated the company's market capitalisation to ₹1.43 lakh crore, surpassing several Nifty 50 constituents. The stock has posted gains in nine of the last 11 trading sessions, underscoring strong investor confidence. 

Garden Reach Shipbuilders Hits 52-Week High

Garden Reach Shipbuilders & Engineers Ltd (GRSE) achieved a new 52-week high, with the stock appreciating over 100% in 2025. The company's robust financial performance, including significant growth in net sales and operating profit, has contributed to this impressive rally. The rise comes after the Kolkata-based company signed a Memorandum of Understanding (MoU) with Norway’s Kongsberg to indigenously build the country’s first ever Polar Research Vessel (PRV).

Sector-Wide Momentum Driven by Policy Support

The rally across defence shipbuilding stocks is attributed to a combination of factors, including a robust order book, government policies favouring indigenisation, and substantial investments in the defence sector. Analysts anticipate a threefold increase in order inflows for companies like Mazagon Dock, GRSE, and Cochin Shipyard by FY27, driven by the government's focus on enhancing domestic defence capabilities.

The sustained momentum in defence shipbuilding stocks reflects the sector's strong fundamentals and favourable policy environment. Investors are closely monitoring these companies for continued growth, supported by strategic government initiatives and increasing demand for indigenous defence solutions.

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