Shipbuilding stocks were booming on Thursday amid news developments, and Union Budget hopes. Shares of Mazagon Dock Shipbuilders surged over 6% to touch 52-week and surpassed ₹1 lakh crore in market cap for the first time in a bull market. The other stocks that followed the 52-week high club were […]
shipbuilding stocks
Garden Reach Shipbuilders (GRSE) enjoyed another bullish day as the PSU’s stock surged 18% to reach a new all-time high of ₹2,065 apiece during today’s intraday trade, before closing the session with a 11% gain at ₹1,946. Today’s rally pushed the stock’s gains to multibagger returns of 123% in CY24 […]
Fueling the recent surge in PSU counters are defence stocks, especially those involved in shipbuilding. These companies are experiencing substantial increases in share values, hitting record highs with each passing day. The uptrend is propelled by robust order wins and improvement in their financial performance. The Indian defence shipbuilding sector […]