Cochin Shipyard Share Price
Shares of defense company Cochin Shipyard rose amid ups and downs in the stock market. The company’s stock rose 7 percent to Rs 1,438 in today’s trading.
This is the 52-week high for the stock and is also the stock’s all-time high. In the last year, the multipage stock has delivered a robust return of 394% and has gained 733% in two years. The stock was trading lower at Rs 234 on May 25, 2023. the total order book position of Cochin Shipyard as on December 31, 2023, is Rs 21, 400 crores.
The company said it had a shipbuilding order pipeline of about Rs 9,000 crore. Other project proposals are worth about Rs 84,000 crore. The stock was trading 4.87% higher at Rs 1,484 on Saturday (May 18, 2024). With all the policy initiatives taken by the Government of India in recent times to promote and support ‘aatmanirbharta’, the outlook for warship building looks very positive in the coming years.
According to the shareholding pattern, the promoters hold 72.86 per cent stake in the company. Apart from this, public shareholders hold 27.14 per cent stake. The company reported a net profit of 244.4 crore in the third quarter of FY 24. In the same quarter last year, the board of directors of the company had declared a second interim dividend of Rs 3.50 per equity share for FY 2023-24. Disclaimer: Investment in mutual funds and stock market is based on risk and target. Before investing in the stock market, consult your financial advisor. hindustanfocus .in will not be responsible for nay financial loss.