cochin shipyard share price: GRSE shares rise by 13% in two days, while Mazagon Dock attracts buyers
Shares of Cochin Shipyard Ltd. have hit the 5% upper limit for the second day in a row on Tuesday, November 26. Mazagon Dock Shipbuilders Ltd. and Garden Reach Shipbuilders & Engineers Ltd. are also performing well, with gains of 3% and 8%, respectively. These increases reflect a broader interest in defense stocks during Tuesday’s trading session.
JPMorgan has started coverage on three defense stocks: Bharat Electronics Ltd. (BEL), Hindustan Aeronautics Ltd. (HAL), and Mazagon Dock Shipbuilders Ltd. The brokerage has given an 'Overweight' rating to BEL and HAL, but a 'Neutral' rating to Mazagon Dock.