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Mazagon Dock a solid play on India’s growing defence focus

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Defence stocks have generated high interest from investors after the recent tensions with China.

Synopsis

The Mumbai-based PSU, which is a part of the defence ministry, will be raising Rs 444 crore from the primary market.

ET Intelligence Group: Long-term investors may consider investing in the initial public offering (IPO) of public sector undertaking (PSU) Mazagon Dock Shipbuilders. A healthy order backlog and reasonable valuations are two key investment arguments.BusinessThe Mumbai-based PSU, which is a part of the defence ministry, will be raising Rs 444 crore from the primary market. The IPO is an offer for sale by the Government of India, which will bring

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