Stocks In Focus: Why Are Garden Reach Shipbuilders, Mazagon Dock And Cochin Shipyard Shares Surging?

Mazagon Dock Shipbuilders shares led the gains with 8.5% rally, while Cochin Shipyard stock price gained 5.96%, and Garden Reach Shipbuilders & Engineers (GRSE) shares surged as much as 5.35%. The rally in defence stocks lifted the Nifty India Defence index by 3.27%, with Mazagon Dock Shipbuilders shares being the top gainer.