Mazagon Dock jumps as LIC acquires 3.27% fresh stake
Mazagon Dock Shipbuilders, a PSU defence firm engaged in building warships and submarines, is in focus after LIC acquired a fresh 3.27% stake in Q1 FY26. This comes after the government's stake was reduced from 84.8% to 81.2% via an Offer for Sale. The move highlights rising investor interest in defence stocks.