Bengaluru, April 7 -- Shipbuilding companies are those involved in the design, construction, and repair of ships and other maritime vessels. These companies typically build a variety of vessels, including cargo ships, oil tankers, passenger ships, and naval vessels, for both commercial and military purposes.

The shipbuilding industry is closely tied to global trade, maritime logistics, and defense sectors, and these stocks can attract investors looking to capitalize on growth in international shipping, offshore oil and gas exploration, and defense contracts.

As of today, shipbuilding stocks are experiencing a downturn, with companies like Mazagon Dock Shipbuilders, Cochin Shipyard, Garden Reach Shipbuilders & Engineers, and more witnes...