New Delhi, March 6 -- Mazagon Dock Shipbuilders share price jumped by nearly 9% on Friday, March 6, marking its second consecutive day of gains and totaling around 15% for the week. The stock has surged by 18% over the course of 2 trading sessions.

The stock has been in focus due to the widely reported Rs.99,000 crore defense contract with the Indian Navy, which the company has officially confirmed while providing key updates regarding the status of contract negotiations.

The state-owned shipbuilder addressed regulatory inquiries related to recent news that sparked heightened market interest, clarifying the present phase of this substantial defense agreement.

The company has confirmed that the Contract Negotiation Committee (CNC) discu...