Shipbuilding stocks are in focus today due to their inclusion in the FTSE All World Index, with rebalancing expected during the final minutes of Friday’s trading session. This rebalancing is likely to drive significant inflows into these stocks, with Cochin Shipyard alone projected to receive over $30 million. The inclusion has sparked renewed investor interest across the shipbuilding sector.
Shipbuilding companies witnessed a significant rally in trade today, with shares of Mazagon Dock Shipbuilders and Cochin Shipyard soaring up to 10%. The surge comes amid strong investor interest in the sector, driving several shipbuilders’ stocks to new highs.
- Mazagon Dock Shipbuilders: 7.29% higher at ₹4,355.50
- Cochin Shipyard: 10% higher at ₹1,846.05
- Garden Reach Shipbuilders & Engineers: 7.94% higher at ₹1,836.05
- Knowledge Marine & Engineering: 0.71% higher at ₹1,765.00
- Shipping Corporation of India: 4.15% higher at ₹249.90
The broader market also saw an upward trend, with the NIFTY 50 index trading 300 points higher and reaching an all-time high of ₹25,716.65.
