New Delhi, June 9 -- Shares of defence shipbuilding companies rose up to 2% in Tuesday's trading session amid a broader rally in the sector and a bullish outlook for the segment over the next few years. All three defence shipbuilding players traded in the green today.

Garden Reach Shipbuilders (GRSE) gained over 2% to hit the day's peak of Rs.2,666.60 on the National Stock Exchange (NSE). Mazagon Dock also added over 2% to Rs.2,442.50, and Cochin Shipyard added 1.8% to Rs.1,432.60 apiece.

Overall, the defence index was up 1.5% in today's session, with 17 of its 19 constituents trading higher.

According to analysts, India's defence shipbuilding sector stands on the threshold of amulti-decade transformation. Currently, India holds less t...