According to experts, interest in defence stocks likely went up as the correction eased valuations to an extent. The buoyant sentiment in the equity market also boosted buying in the sector
The uptick in the stock price is attributed to investors rushing to counter as the company's shares will trade ex-dividend date on Monday, September 23, 2024
Here's the complete list of stocks that will trade ex-date next week for dividends, bonus issues, or stock splits
Share prices of Cochin Shipyard, Mazagon Dock Shipbuilders, Paras Defence, HAL, Garden Reach Shipbuilders, and Mishra Dhatu Nigam gained up to 3.32 per cent on the BSE
The Defence Acquisition Council (DAC) is likely to discuss proposals of mega projects worth around Rs 1.2 trillion for approval in a meeting scheduled for today.
These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July.
The uptick in the share price came after the company announced a strong set of June quarter of financial year 2025 (Q1FY25) results.
UCSL, under contract terms, will undertake the design and construction of four 6300 TDW dry cargo vessels, the company said in a statement
India's leading shipyard, Cochin Shipyard Limited (CSL), on Monday said it has secured another prestigious international order from North Star Shipping, a top UK-based offshore renewable operator, for the construction of a hybrid Service Operation Vessels (SOVs). They will be building hybrid SOVs for a contract with Siemens Gamesa. These vessels will be deployed at the Scottish Power Renewables East Anglia THREE offshore wind farm, situated off the Suffolk coast, an official release said here. A CSL source said the order is valued at EUR 60 million. It said the ship building contract also has an option to contract two more such vessels. North Star, earlier in the year, contracted another hybrid SOV with Cochin Shipyard. With attention turning towards sustainable and green energy solutions, there is a large global focus on the development of offshore renewable energy segments. CSL said the hybrid SOVs are the workhorse of the growing, highly specialised renewables segment, in whi
Cochin Shipyard stock update: The stock hit a new high after the company reported a near 7-fold jump in net profit in Q4FY23 backed by a 114 per cent surge in revenue.
Stocks to watch on May 27: Bosch showed a 4.2 per cent YoY increase in revenue to Rs 4,233 crore, with a notable 41.7 per cent rise in net profit to Rs 564 crore
State-owned Cochin Shipyard Ltd on Friday reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the year-ago period, the company said in a regulatory filing. The company's total income rose to Rs 1,366.16 crore from Rs 671.32 crore in January-March FY23. The board of the company also approved a final dividend of Rs 2.25 per share for FY24. Cochin Shipyard is one of the leading shipbuilding and repair yards in India. It also has an exclusive area set for offshore construction and future expansion. The company earned a revenue of Rs 985.15 crore from the shipbuilding segment against Rs 453.84 crore in Q4 FY23. From ship repairing, it has registered a revenue of Rs 300.89 crore compared to Rs 146.24 crore a year ago. For the full FY24, the company's profit more than doubled to Rs 783.27 crore from Rs 304.70 crore in FY23.
Shares of shipbuilding firms in India soared to record high levels in trades on Thursday after Garden Reach Shipbuilders reported strong Q4 earnings.
One out of every 10 NSE 500 stocks has rallied over 50% so far in 2024. Here's a technical outlook on select stocks which are trading with bullish bias.
Thus far in the month of April, these stocks have zoomed up to 58 per cent
Shares of Cochin Shipyard (CSL) hit a new high on Monday after the shipbuilder signed Master Shipyard Repair Agreement (MSRA) with the United States Navy.
Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged 10 per cent to Rs 903.70 on back of two-fold jumps in average trading volumes today
Prime Minister Narendra Modi on Wednesday highlighted that India has outpaced several developed nations in ship-turnaround time, emphasising the country's proven potential and standing in global trade. The prime minister made these remarks while dedicating projects worth Rs 4,000 crore to the nation, including crucial strategic initiatives at Cochin Shipyard Limited. He mentioned that these projects would accelerate the development of the southern region of the country. "The world is recognising India's potential and position in global trade," Modi said, shedding light on the agreements made during India's G20 Presidency regarding the Middle East-Europe Economic Corridor. Modi said that the Middle East-Europe Economic Corridor will further strengthen the creation of 'Viksit Bharat' by providing a boost to the coastal economy of India. Reflecting on the past, the prime minister recalled that just a decade ago, ships had to wait for a considerable amount of time at the ports, and ...
Prime Minister Narendra Modi dedicated projects worth Rs 4,000 crore to the nation on Wednesday, including key strategic initiatives at Cochin Shipyard Limited. The projects comprise a 310-metre-long dry dock, constructed to international standards, and the International Ship Repair Facility (ISRF), India's first fully developed pure ship repair ecosystem. Additionally, the dedication includes the IOCL's LPG import terminal. Prior to the inauguration, Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, reviewed the preparation of the projects at Cochin Shipyard Limited (CSL) on Tuesday. The government anticipates that with the dedication of these projects, CSL is poised to double its turnover within the next four years to Rs 7,000 crores.
Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1