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Mazagon Dock Shipbuilders Ltd rose 3.38% today to trade at Rs 2792. The BSE Capital Goods index is up 0.67% to quote at 67602. The index is down 2.22 % over last one month. Among the other constituents of the index, SKF India Ltd increased 1.48% and Zen Technologies Ltd added 1.43% on the day. The BSE Capital Goods index went down 7.84 % over last one year compared to the 0.51% surge in benchmark SENSEX.
Mazagon Dock Shipbuilders Ltd has lost 3.28% over last one month compared to 2.22% fall in BSE Capital Goods index and 0.05% rise in the SENSEX. On the BSE, 30881 shares were traded in the counter so far compared with average daily volumes of 1.34 lakh shares in the past one month. The stock hit a record high of Rs 3778 on 29 May 2025. The stock hit a 52-week low of Rs 1917.95 on 19 Feb 2025.
The final contract is expected to be awarded to the Mazagon Dock-Thyssenkrupp consortium about six months after the talks conclude.
Both firms had inked an MoU in June 2023, with Thyssenkrupp handling engineering and design, and Mazagon Dock overseeing construction and delivery of six submarines for the Indian Navy.
Following the report, the BSE has sought clarification from Mazagon Dock Shipbuilders on 25 August 2025. The company’s response is still awaited.
Mazagon Dock Shipbuilders is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products.
In Q1 FY26, its consolidated net profit fell 35% to Rs 452.15 crore even as revenue from operations rose 11.4% year-on-year to Rs 2,625.59 crore.