6 Jun 2025, Fri

Cochin shipyard limited: The shares of Cochin Shipyard Limited saw a boom on the third consecutive day on Thursday. With a gain of 13.14 percent, the price of its share reached the high level of the day of Rs 2,363.30. Cochin Shipyard shares also topped the BSE turnover chart. Today, 29.02 lakh shares worth Rs 648.28 crore were done. In the last three business sessions, the company’s shares have gained 20 percent.

Defense stock in investors focus

Let us know that after ‘Operation Sindoor’, there is enthusiasm among investors at this time with many defense shares including Cochin Shipyard, which has many companies like Hindustan Aeronautics, Data Pattern and Mudhi. His shares also rose from 3 to 6 percent. In the last one month, the defense stock has gained up to 50 percent amid growing geopolitical tension.

It is currently trading on 66.35 p/E ratio. In the fourth quarter of FY 2025, Cochin Shipyard’s profit was Rs 285 crore. This is about 8 percent more than the profit of Rs 265 crore recorded in the fourth quarter of FY 2024. The company’s operational revenue has also increased to 1,651 crore.

What is the reason for the boom in shares?

There are many reasons behind this boom in the company’s shares. According to the media report on May 13, 2025, HD Hyundai and Cochin Shipyard are talking on a project of 10,000 crores. Giving clarification on this the next day, the Cochin Shipyard said that the Central and State Governments are working closely with many stakeholders to promote ship construction and ship repair under the Government of India’s Marine India Vision (MIV) and Maritime Amrit Kaal Vision (MAKV) 2047.

Earlier in April, there was an agreement between Cochin Shipyard Limited and Drdox World in Dubai to create a ship repair facility at the Vadinar in Kochi, Kerala and Gujarat. During that time, Crown Prince of Dubai and Deputy Prime Minister of United Arab Emirates (UAE) Hamdan bin Mohammed bin Rashid were on a visit to India.

In February 2025, the Cochin Shipyard signed a memorandum with container shipping giant AP Moller-Maersk for repairing ships in India, maintenance and construction.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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