Cochin Shipyard hits new high after a 5-year gap; zooms 96% in 4 months

The stock hit a new high of Rs 610.75, and has rallied 12 per cent in past two days, surpassing its previous high of Rs 598.90, touched on November 24, 2017.

Shares of Cochin Shipyard (CSL) hit an all-time high of Rs 610.75 after it rallied 5 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market on the back of heavy volume. In the past two trading sessions, the stock of the shipbuilding company has surged 12 per cent. In comparison, the S&P BSE Sensex was down 0.26 per cent at 60,745 at 12:27 PM.

The stock price of CSL hit a new peak after a gap of five years. It surpassed its previous high of Rs 598.90, touched on November 24, 2017. In the