The defense sector in India has gained significant traction, driven by government initiatives to bolster indigenous manufacturing and reduce reliance on imports. This has led to a surge in the stock prices of key defense companies. Here, we highlight three important defense stocks currently making headlines.
1. Mazagon Dock Shipbuilders Limited (MAZDOCK)
- Current Price: ₹4,700.00
- Change: +₹245.50 (5.51%) at 11:01 AM
- Stock Price Details:
- Open: ₹4,460.00
- High: ₹4,764.65
- Low: ₹4,452.00
- Previous Close: ₹4,454.50
Mazagon Dock Shipbuilders is a major player in shipbuilding for the Indian Navy, specializing in submarines and warships. The company has seen robust performance in its stock price, reflecting strong demand for its products and services.
2. Cochin Shipyard Limited (COCHINSHIP)
- Current Price: ₹1,972.00
- Change: +₹90.80 (4.83%) at 11:01 AM
- Stock Price Details:
- Open: ₹1,885.00
- High: ₹1,998.70
- Low: ₹1,881.45
- Previous Close: ₹1,881.20
Cochin Shipyard is involved in shipbuilding and repair, catering to both defense and commercial sectors. The company has gained attention for its role in constructing India’s first indigenous aircraft carrier and continues to benefit from increased defense spending.
3. Garden Reach Shipbuilders & Engineers Limited (GRSE)
- Current Price: ₹1,968.90
- Change: +₹55.75 (2.91%) at 11:02 AM
- Stock Price Details:
- Open: ₹1,920.00
- High: ₹1,994.95
- Low: ₹1,920.00
- Previous Close: ₹1,913.15
GRSE is another key player in the defense shipbuilding sector, known for its advanced shipbuilding capabilities. The company’s stock performance reflects investor confidence in its growth potential amidst rising defense contracts.
