India's Mazagon Dock falls after calling submarine deal report 'incorrect'

Mazagon Dock Shipbuilders

26/08/2025 05:45

** Mazagon Dock Shipbuilders MAZG.NS falls 2.5% to 2,685 rupees

** Ship builder calls "factually incorrect" a media report suggesting it was in 700 bln-rupee ($8 bln) submarine deal talks with Germany's Thyssenkrupp

** Stock rated "hold" on avg; median PT is 3,320 rupees, per data compiled by LSEG

** YTD, MAZG gains 20.1%

($1 = 87.5060 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))