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LTP
0.00 (0.00%)
Volume
500
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1.55
LTP
0.00 (0.00%)
Volume
751
Market Cap
₹10 Cr
52W Low
₹0.00
52W High
₹2.05
LTP
0.00 (0.00%)
Volume
0
Market Cap
₹4 Cr
52W Low
₹0.00
52W High
₹1.80
LTP
-1.98 (-5.00%)
Volume
1,478
Market Cap
₹23 Cr
52W Low
₹8.05
52W High
₹57.01
LTP
0.05 (0.04%)
Volume
1,741
Market Cap
₹80 Cr
52W Low
₹77.20
52W High
₹239.95
LTP
1.21 (1.72%)
Volume
118
Market Cap
₹28 Cr
52W Low
₹34.52
52W High
₹136.66
LTP
4.50 (0.27%)
Volume
2,875
Market Cap
₹1,809 Cr
52W Low
₹1,005.00
52W High
₹1,879.00
LTP
5.19 (5.00%)
Volume
69,000
Market Cap
₹60 Cr
52W Low
₹57.50
52W High
₹109.08
LTP
51.65 (1.27%)
Volume
5,90,944
Market Cap
₹82,310 Cr
52W Low
₹1,742.00
52W High
₹5,860.00
LTP
0.00 (0.00%)
Volume
9,25,293
Market Cap
₹167 Cr
52W Low
₹0.00
52W High
₹2.30
LTP
1.89 (4.00%)
Volume
18,093
Market Cap
₹116 Cr
52W Low
₹26.08
52W High
₹74.95
With Zero Brokerage on Equity Delivery
Shipbuilding, i.e. building vessels to traverse oceans seas, plays a crucial role in global trade and security. Inputs for the industry include steel, machinery, energy, and communication systems. Additionally, shipbuilding fosters innovation in areas like navigation, propulsion, and sustainability.
Civilian uses encompass mammoth container ships, efficient tankers, and luxurious cruise liners, driving international trade and tourism. Meanwhile, defence shipyards churn out warships, submarines, and coast guard vessels to safeguard maritime borders and ensure stability. Steel plates, timber, engines, and specialised equipment form the backbone of any ship.
India, with its skilled workforce and growing technological prowess, aims to become a major player in this field. The government presently supports the shipbuilding industry in India via the Shipbuilding Financial Assistance Policy (SBFAP) scheme to help Indian shipyards procure orders from domestic and international markets. In 2018-19, in terms of tonnage delivered, India’s private and public sectors accounted for 86.6% and 13.4% respectively. India currently has 28 shipyards, six under the Central Public Sector, two under state governments, and 20 in the private sector.
Nurturing and growing the shipbuilding industry is a part of India’s Maritime Vision 2030. India currently contributes to 1% of global shipbuilding. In the coming decade, it plans to reach the top 5 list in this industry. At a global level, people are looking for alternatives to China and other demographically weakening countries like Japan or South Korea, offering an opportunity for India.
Having domestically owned ships will save billions of dollars in freight charges for the domestic exporters and importers and improve India’s overall foreign exchange deficit. India is also developing the ‘Green Tug Transition Programme’ (GTTP) that will convert all tugboats in the country, i.e. vessels helping ships navigate to ports, into ‘Green Hybrid Tugs’, running on non-fossil fuel like Methanol, Ammonia, Hydrogen. It is a part of India’s plan to become the ‘Global hub for building Green Ships’ by 2030.
Investing in shipbuilding sector stocks via Angel One is easy. Simply follow these steps:
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
Shipbuilding sector stocks represent companies involved in the manufacturing and distribution of ships used across various industries such as travel, goods transport, defence, etc.
Mazagon Dock, Knowledge Marine, Hariyana Ship, etc., are some of the biggest shipbuilding sector companies in India with publicly traded stocks.
You may assess stocks based on financial health through metrics like profitability, debt-to-equity ratio, and operational efficiency.
India has made shipbuilding a part of its Maritime Vision for 2030. Over the years, we can expect government support to shipbuilding companies which will help these companies grow. Hence, you may consider investing in stocks of a growing sector.
With a 5-year CAGR of nearly 38.71% as of February 5, 2024, Inducto Steel is the best shipbuilding sector company. As such, the top shipbuilding sector stock can be selected based on various factors like cash richness, market size, growth rate, etc. Do your own research before deciding which stock is the best for your investment strategy.
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