GRSE, Cochin Shipyard & Mazagon Dock shares rally to up 18% in two days. Here’s what’s triggering the surge

Shares of defence shipbuilders surged despite broader market weakness, with Mazagon Dock rising 18% in two days and Cochin Shipyard gaining 9%. The rally follows escalating geopolitical tensions and reports of a naval strike near Sri Lanka, raising expectations of higher maritime defence spending and improved order prospects for Indian shipyards.