Shipbuilding stocks such as Cochin Shipyard, Mazagon Dock Shipbuilders and Garden Reach Shipbuilders were trading mixed in Wednesday's trade amid expectations that the Cabinet led by Prime Minister Narendra Modi would announce a policy package to help make local shipbuilders compete with world leaders in this business.

As per an ET report, the policy package would include a revamped shipbuilding financial assistance scheme, a Rs 25,000 crore Maritime Development Fund, credit notes for ship recycling and a Rs 20,000 crore budget to promote shipbuilding clusters, it quoted officials as saying.

Shipping Corporation of India Ltd gained 2.44 per cent to Rs 228.65. Cochin Shipyard Ltd was down 0.32 per cent at Rs 1,878.60. Mazagon Dock Shipbuilders Ltd advanced 0.41 per cent to Rs 2,952. Garde

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