GRSE, Cochin Shipyard & Mazagon Dock shares rally up to 18% in two days. Here’s what’s triggering the surge

Shares of defence shipbuilders surged despite broader market weakness, with Mazagon Dock rising 18% in two days and Cochin Shipyard gaining 9%. The rally follows escalating geopolitical tensions and reports of a naval strike near Sri Lanka, raising expectations of higher maritime defence spending and improved order prospects for Indian shipyards.

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