Stock Market Today: Mazagon Dock Shipbuilders Ltd share price gained ahead of Donald Trump’s oath ceremony. Mazagon Dock Shipbuilders share price is on the cusp of giving a technical breakout

Mazagon Dock Shipbuilders share price movement

Mazagon Dock Shipbuilders share price opened at ₹2324.10 on the BSE on Monday slightly higher than the previous close ₹2315.60. The Mazagon Dock Shipbuilders share price thereafter gained further to  intraday highs of ₹2334.25. 

Mazagon Dock Shipbuilders share price that had corrected significantly in the ongoing market correcton compared to highs seen in Kuly however has been seeing smart gains now. Mazagon Dock Shipbuilders share price is up almost 17% since 13 January 2025 lows.

Trump’s trade wars and tariffs concerns fuel Mazagon Dock Shares

Asia’s economies may face volatility due to Trump’s trade wars and tariffs, but some sectors — like tech and defence — could thrive. So, Trump 2.0 is expected to fuel buying in defence and tech-enabled defence stocks in the near term. The current rise in Mazagon Dock Shipbuilders’ share price should be seen from this perspective, said Ross Maxwell, Global Strategy Operations Lead at VT Markets

Mazagon Dock Shipbuilders n the ciusp of a technical breakout

Mazagon Dock Shipbuilders share price is on the cusp of giving fresh technical breakout at ₹2500 apiece levels. On breaking above this mark on a closing basis, the defence stock is expected to touch 2700 mark in the near term. So, Mazagon Dock Shipbuilders shareholders are advised to hold the stock with strict stop loss at ₹2225 and wait for the breakout. Fresh investors can also buy Mazagon Dock Shipbuilders shares at current market price for the short term target of ₹2500 and ₹2700 maintaining strict stop loss at ₹2225, said Sumeet Bagadia, Executive Director at Choice Broking