Mazagon Dock share price hits new 52-week high, rises over 7%; Here's why
Mazagon Dock shares surged over 7% to a new 52-week high, as analysts note increased activity in India's defense sector, particularly in shipbuilding, following a meeting between the US and India defense ministers.
Mazagon Dock shares touched a new 52-week high and jumped over 7% on Tuesday's trade. According to analysts, a lot of action is seen in the defense space in the last one week and high focus is on shipbuilders as US Secretary of Defence met India Defence Minister to discuss cooperation in the maritime defence sector. Mazagon Dock share price opened at ₹1,019 apiece on BSE, and touched a intraday high of ₹1,062 and low of ₹1,015.15.
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