New Delhi, Oct. 9 -- India's shipbuilding stocks are trading well above their 200-day moving average, a sign of rising investor confidence. But 2025 hasn't delivered blockbuster returns for most counters, with outperformance limited to a few select winners.

Except for a few standouts, such as Garden Reach Shipbuilders & Engineers (up 28%) and Knowledge Marine & Engineering Works (up 25.5%), most names have delivered modest gains.

Mazagon Dock Shipbuilders has returned about 6%, while Cochin Shipyard and Great Eastern Shipping Company are up around 12% each. Shares of Shipping Corporation of India have performed slightly better, rising 14% year-to-date.

During the same period last year, Garden Reach, Shipping Corp, GE Shipping, Cochin S...