Mazagon Dock Shipbuilders Ltd. saw a 3% rise in shares following the Ministry of Defence’s approval for cost negotiations with Thyssenkrupp Marine Ltd. regarding the P-75(I) submarine project, valued at approximately ₹70,000 crore. This includes a Memorandum of Understanding signed in June 2023, where Thyssenkrupp will handle engineering while Mazagon Dock focuses on construction and delivery. Despite past challenges with cost overruns, management expects margin recovery in upcoming quarters. The inclusion of Mazagon Dock in the Nifty Junior index is also anticipated to boost investor confidence, even as recent analyst perspectives remain cautious about the stock’s performance.