Shares of Garden Reach Shipbuilders & Engineers (GRSE) and Mazagon Dock Shipbuilders are likely to be in focus today after the Indian Navy and its Japanese counterparts are holding discussions on ship maintenance in India.
According to the Ministry of External Affairs, the Indian Navy and its Japanese counterparts are in discussions on ship maintenance in India.
If finalised, this could open up new business prospects for state-run defense shipbuilders such as GRSE and Mazagon Dock, both of which play a key role in naval shipbuilding and repair.
In the meantime, GRSE shares were down 2.87% at ₹2,446.40 apiece around 1.08 pm. It has jumped 48.26% this year, so far. On the other hand, Mazagon Dock shares were down 1.35% at ₹2,718.50 apiece. It has jumped 21.16% this year, so far
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