New Delhi, Nov. 7 -- India's rising defence spending and focus on modernising its armed forces have created significant opportunities for domestic warship manufacturers.

With the government pushing for self-reliance in defence production, a growing share of naval procurement is being directed towards Indian shipyards. Investments in advanced warships, submarines, frigates and aircraft carriers are expected to support the industry's long-term growth.

Here are three warship-manufacturing stocks to watch.

#1 Mazagon Dock Shipbuilders

Since 1774, Mazagon Dock Shipbuilders has played a vital role in building India's maritime strength. It is India's only shipyard to have built destroyers, conventional submarines for the Indian Navy & manufa...