Shares of Mazagon Dock Shipbuilders Limited (MDL) and Garden Reach Shipbuilders & Engineers (GRSE) are in focus today as the shipping sector anticipates a potential boost. As per the CNBC Awaaz report, the government is reportedly considering granting infrastructure status to the shipping industry, a move that could significantly ease financing for shipping companies.
If approved, this status would allow shipping firms to access cheaper and more flexible funding options, enabling expansion, modernization of fleets, and increased investment in port and shipping infrastructure. Analysts believe this development could positively impact the stock performance of leading players like Mazagon Dock and GRSE.
In the meantime, as of 2:30 PM, Mazagon Dock shares were trading 1.14% higher at Rs 2,752.50. On the other hand, GRSE shares were trading 3.13% higher at Rs 2,668.90.
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