Cochin Shipyard Ltd Share Price (COCHINSHIP)

Cochin Shipyard Targets Green Shipping Market in Europe - 16 Apr, 2024

Cochin Shipyard Limited is targeting the green shipping market in Europe and has carried out steel cutting of the first zero-emission feeder container vessel using green hydrogen as fuel for Samskip. The company witnessed a 62% increase in turnover, reaching Rs 1,021.45 crore, compared with Rs 631 crore in Q3FY23. Profit after tax for Q3FY24 stood at Rs 248 crore, a 109% increase from Q3FY23.

Cochin Shipyard Signs Agreement with US Navy for Ship Repairs - 10 Apr, 2024

Cochin Shipyard has signed a Master Shipyard Repair Agreement (MSRA) with the United States Navy to repair its ships in India. The non-financial agreement is effective from April 5, 2024, and will facilitate the repair of US Naval vessels under the Military Sealift Command in CSL. This development highlights CSL's capabilities and could lead to more business opportunities.

Mixed Signals for Cochin Shipyard Stock - 09 Apr, 2024

Cochin Shipyard's stock has surged by 369% over the last year but its high P/E ratio of 53.2x is concerning to analysts. Kotak Institutional Equities gave it a SELL rating due to uncertainties surrounding the IAC-2 order and competition from other shipyards. EPS is predicted to climb by 11%, while the market is expected to deliver 24% growth.

Cochin Shipyard Shares Surge After Signing MSRA With US Navy - 08 Apr, 2024

Cochin Shipyard Ltd has signed a Master Shipyard Repair Agreement (MSRA) with the United States Navy to facilitate repair of US Naval vessels under Military Sealift Command. The PSU stock surged over 7%, hitting an all-time high and maintaining an uptrend for the last six sessions. Additionally, the company's consolidated net profit soared 121% in Q3 FY24.

Cochin Shipyard Signs MSRA with US Navy, Reports Strong Q3 Results - 06 Apr, 2024

Cochin Shipyard has signed the Master Shipyard Repair Agreement (MSRA) with the United States Navy, allowing repair of US Naval vessels under Military Sealift Command in Cochin Shipyard. The company also reported strong Q3 results, with net profit soaring by 121% YoY to reach Rs 244.4 crore and revenue from operations rising by 64% YoY to Rs 1,056.4 crore. Additionally, the board proposed a second interim dividend of Rs 3.50 per share for FY24. On April 5, the stock gained 1% to trade at Rs 1,081.

Cochin Shipyard Shares Near Record High - 05 Apr, 2024

Cochin Shipyard's stock is trading near its record high, with technical analysts predicting a further upward move with targets of Rs 1120 and Rs 1270. The stock has witnessed a strong breakout above its important resistance mark of Rs 945 on April 1st, 2024.

Prabhudas Lilladher Gives Buy Call on Cochin Shipyard - 04 Apr, 2024

Prabhudas Lilladher has given a buy call on Cochin Shipyard with a target price of Rs 1250. The company reported a consolidated total income of Rs 1114.11 crore for the quarter ended December 31, 2023, and net profit after tax of Rs 244.38 crore. Promoters hold 72.86% stake in the company.

Cochin Shipyard Hits 52-Week High Amid Strong Earnings Expectations - 03 Apr, 2024

Shares of shipbuilding companies such as Cochin Shipyard surged up to 10% on high volumes amid expectations of strong Q4 earnings and healthy order book positions. Cochin Shipyard hit a record high of Rs 1,062, gaining 8% in intraday trade with 2024 returns standing at 54%.

Hindustan Aeronautics Signs Contract with Cochin Shipyard for Indian Navy's NGMV Project - 29 Mar, 2024

Cochin Shipyard Limited has signed a contract with Hindustan Aeronautics Ltd to supply six sets of LM2500 gas turbines and GT Auxiliaries, spares, tools for the Indian Navy's Next Generation Missile Vessel project. The stock closed at ₹871.50 on NSE, lower by 0.11%.

Hindustan Aeronautics Signs Contract with Cochin Shipyard for Indian Navy Project - 28 Mar, 2024

Cochin Shipyard has signed a Rs 1,173.42 crore contract with Hindustan Aeronautics to supply turbines and auxiliaries for the Indian Navy's next-generation missile vessel project. The project is expected to be executed between FY26 and FY29.

Cochin Shipyard's Stock Value Surges by Almost 298% - 25 Mar, 2024

Cochin Shipyard's stock value has surged significantly in the last year, increasing by almost 298%. Domestic brokerage ICICI Direct Research rates the stock as a buy with a target price of ₹1,055. The company's outstanding skills in shipbuilding and repair, sizable order backlog, and robust order pipeline are expected to spur growth.