Cochin Shipyard gallops 21% in five days

Cochin Shipyard rose 4.32% to Rs 1568, rising for the fifth consecutive session.

The stock has jumped 21% in five straight sessions from its close of Rs 1,295.70 on 21 November 2024. However, it remains 47.33% below its all-time high of Rs 2,977.10, reached on 8 July 2024.

Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company.

The companys consolidated net profit rose 4.07% to Rs 188.92 crore on 13% increase in net sales to Rs 1,143.20 crore in Q2 FY25 over Q2 FY24.

 

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