Strong order pipelines and expansion into commercial shipbuilding support long-term prospects, but shrinking order books and delayed contract awards have weighed on stock performance.
The Nifty Defence Index has shown significant growth, gaining 24% by 2026, reflecting strong long-term prospects for the sector. However, major players like Garden Reach Shipbuilders & Engineers (GRSE) and Mazagon Dock Shipbuilders are currently experiencing challenges due to…
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