Shipbuilding companies stocks decline despite announcement of Shipbuilding financial assistance scheme to be restarted

Shipbuilding companies stocks declined despite FM Nirmala Sitharaman announced that Shipbuilding financial assistance scheme to be restarted, as government thrusts to shipbuilding. Ship building clusters to be facilitated
Cochin Shipyard is currently trading at Rs. 1501.40, down by 31.00 points or 2.02% from its previous closing of Rs. 1532.40 on the BSE. The scrip opened at Rs. 1553.90 and has touched a high and low of Rs. 1561.65 and Rs. 1485.00 respectively. So far 120808 shares were traded on the counter.
Mazagon Dock Shipbuilders is currently trading at Rs. 2476.70, down by 21.30 points or 0.85% from its previous closing of Rs. 2498.00 on the BSE. The scrip opened at Rs. 2511.00 and has touched a high and low of Rs. 2587.90 and Rs. 2427.40 respectively. So far 130590 shares were traded on the counter.
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 1614.95, down by 9.80 points or 0.60% from its previous closing of Rs. 1624.75 on the BSE. The scrip opened at Rs. 1640.00 and has touched a high and low of Rs. 1709.00 and Rs. 1606.55 respectively. So far 101946 shares were traded on the counter.









