3 companies related to defense sector have created a stir in the stock market. Shares of these three shipbuilding companies, Cochin Shipyard, Mazagon Dock Shipbuilders and Garden Reach Shipbuilders, have jumped 725% in the last one year. Shares of Cochin Shipyards Limited have seen the highest rise in the last one year. Shares of Cochin Shipyard have gained over 43% in the last 5 days. At the same time, shares of Mazagon Dock Shipbuilders have seen a 24% gain in the last 5 days. While shares of Garden Reach have gained more than 41% in the last 5 days.
Shares of Cochin Shipyard surge 725%
Shares of Cochin Shipyard have gained 725% in the last one year. Cochin Shipyard shares on Friday, May 24, 2024 at Rs. reached 2034 and made a new 52-week high. A year ago on May 25, 2023, the company’s shares were Rs. were at 236.65. Shares of the shipbuilding company reached Rs 2034 on 24 May 2024. Shares of the company have seen an increase of over 245% in the last 6 months. In 6 months the shares of the company were Rs. 566.30 to Rs. 2000 has been crossed.
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Shares of Mazgaon Dock rose 321%
Shares of Mazagon Dock Shipbuilders have gained 321% in the past one year. On May 25, 2023, the shares of the company were Rs. were at 754.15. Shares of Mazagon Dock Shipbuilders touched Rs 3176.85 on 24 May 2024. At the same time, in the last 6 months, shares of Mazgaon Dock have increased by 58%. The company’s stock touched a 52-week high of Rs. is 3249.25. At the same time, the company’s shares hit a 52-week low of Rs 747.55.
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Garden Reach shares gained 221% in 1 year
Shares of Garden Reach Shipbuilders, a small-cap aerospace and defense company, have gained 221% in the past one year. Shares of the company on Friday, May 24, 2024 at Rs. reached 1508 and made a new 52-week high. Shares of Garden Reach on Friday were Rs. closed at 1459.50. A year ago, on May 25, 2023, the company’s shares were at Rs 453.95. Shares of Garden Reach Shipbuilders have surged a whopping 76% in the past 6 months.