PSU defence stocks Mazagon Dock, Cochin Shipyard fall nearly 30% in 1 month amid profit booking; how...

The article covers the recent decline in PSU defense stocks, including Mazagon Dock and Cochin Shipyard. Over the past month, these stocks have dropped nearly 30% due to profit booking by investors. Profit booking refers to the practice of selling stocks to realize gains after a period of significant appreciation. This decline reflects market corrections where investors secure profits after substantial rises in stock values. The article also discusses the broader implications for the defense sector, where fluctuations in stock prices can impact investor sentiment and future investments in defense PSUs.