India, March 18 -- A large-cap stock in the shipbuilding and defense sector gained after The Shipping Corporation of India awarded it a contract to construct a 3000 DWT dual-fuel platform supply vessel. The company holds a strong order book of Rs 23,758 crore, reflecting solid execution visibility.

With a market cap of about Rs 1 lakh crore, Mazagon Dock Shipbuilders Ltd saw its stock hit an intraday high of Rs 2464 which is 4 percent higher than the previous close of Rs 2363. The company stock has given a compounded return of 92 percent in the last three years.

What's the news? The Shipping Corporation of India (SCI) has signed a contract with Mazagon Dock Shipbuilders Ltd (MDL) to build one 3000 DWT Platform Supply Vessel for offshore...