On Tuesday, Mazagon Dock Shipbuilders' shares saw a significant decline due to a corrective action and predictions of a correction in the defence sector. The company had initially set a record date for its fiscal 2025 dividend payment, boosting its share price, but the gains were short-lived. Other defence stocks also saw a decline, with experts citing overvaluation as a factor. The board is set to meet on Tuesday to decide on a stock split and dividend declaration, with more details awaited.