Shares of defence public sector undertaking (PSU) Mazagon Dock Shipbuilders rebounded after two days of consecutive falls on Monday, August 25, 2025, as the government granted clearance to the Defence Ministry and Mazagon Dock Shipbuilders Limited (MDL) to begin negotiations for the purchase of six submarines under the Rs 70,000 crore Project 75 India. This project has been stuck for over six months. The counter opened gap up with a gain of 3.5 per cent at Rs 2795.05 against the previous close of Rs 2,700.65 on the BSE. It gained further amid a spurt in trading volume to touch the intraday high of Rs 2,798.15, representing a surge of 3.61 per cent. On the National Stock Exchange (NSE), the stock started the trading session at Rs 2,798.90 against the previous close of Rs 2,700.30. It reached the intraday high of Rs 2,798.90 and the intraday low of Rs 2,740.
However, it fell amid profit booking and last seen was trading at Rs 2,742.10, with a gain of 1.55 per cent. The market cap of the company stood at Rs 1,10,610.83 crore.
Mazagon Dock Shipbuilders Share Price History
The 52-week high of the defence PSU stock is Rs 3,778 crore, and the 52-week low is Rs 1,917.95 crore. The market cap of the company is Rs 1,11,038.41 crore.
The navratna defence PSU has delivered a multibagger return of 1,649 per cent in three years and 198 per cent in two years. In one year, it has gained 24.43 per cent as against the jump of 0.60 per cent in the benchmark index. The scrip has corrected 21.68 per cent in three months.
Project 75 India
As part of the project, the Defence Ministry had selected state-owned Mazagon Dock Shipbuilders Limited to build six submarines with Air Independent Propulsion systems, with German ThyssenKrupp Marine Systems as its partner, in January.
Mazagon Dock Shipbuilders Q1 Results
India's biggest warship builder Mazagon Dock Shipbuilders reported a 35 per cent drop in its consolidated net profit for the April-June quarter to Rs 452.15 crore. It was Rs 696 crore during the same quarter of the previous fiscal.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
