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Mazagon Dock rises as it inks strategic MoU with both the Brazilian and Indian navies

Mazagon Dock Shipbuilders Limited signed an MoU with the Brazilian and Indian Navies to collaborate on Scorpène class submarine maintenance, defense procurement, experience exchange, and technological research and development.

Introduction

Leading shipbuilding company signed an MoU with the Brazilian and Indian Navies to collaborate on submarine maintenance, defense procurement, experience exchange, and research and development for advanced naval technologies.

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Share price movement of Mazagon Dock

On December 11, 2025, Mazagon Dock Shipbuilders Ltd opened at ₹2,455.75, up 0.68% from its previous close of ₹2,439.20. The stock reached a high of ₹2,490.00 (2.08%) and a low of ₹2,446.00. By 12:53 PM, it traded at ₹2,487.10, a 1.96% increase, with a market cap of ₹1,00,324.64 crore.

Mazagon Dock Signs MoU with Navies

Mazagon Dock Shipbuilders Limited announced that the Brazilian Navy and Indian Navy signed an MoU on December 9, 2025. The agreement focuses on Scorpène class submarine maintenance and military ship cooperation.

The MoU covers procurement opportunities, experience exchange in defense industries, and partnerships in research, development, and technological innovation, aiming to strengthen collaboration between the two navies and Mazagon Dock Shipbuilders Limited.

Stock performance of Mazagon Dock for Period of 1 week, 6 months, and 1 year

Mazagon Dock Shipbuilders Limited delivered a -7.65% return over the past week, declined -23.8% in the past six months, and fell -0.90% over the past year.

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Shareholding pattern of Mazagon Dock

ParticularsSep 2025Jun 2025Mar 2025
Promoter81.20%81.20%84.80%
FII2%3%2%
DII5.70%5.20%1.70%
Public11.20%11.00%11.20%

About Mazagon Dock

Mazagon Dock Shipbuilders Ltd (NSE: MAZDOCK) is a leading Indian shipyard, established in 1774. It has built 801 vessels, including warships, submarines, cargo ships, passenger vessels, and offshore platforms, showcasing strong maritime capabilities.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Mazagon Dock Shipbuilders Limited share price going up today?

A: Mazagon Dock Shipbuilders Limited shares are rising after the Brazilian Navy and Indian Navy signed an MoU on submarine maintenance and ship cooperation.

Q: What does Mazagon Dock Shipbuilders Limited Ltd specialize in?

A: Mazagon Dock Shipbuilders Limited specializes in building warships, submarines, and diverse maritime vessels for defence and commercial use.

Q: What is the 52-week high and low of Mazagon Dock Shipbuilders Limited stock?

A: Mazagon Dock Shipbuilders Limited stock recorded a 52-week high of ₹3,778.00 and a 52-week low of ₹1,917.95.

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