The Cochin Shipyard share price rose over 13% today after strong quarter 4 results and dividend announcements. Let’s learn more about the stock’s impressive growth!
As of 2:26 PM (IST) on May 16, Cochin Shipyard’s stock (NSE: Cochinship) was trading at ₹2051.80 on the National Stock Exchange (NSE), marking a rise of ₹239.70 or 13.23% from its previous close of ₹1812.10. The stock opened at ₹1850 and reached an intraday high of ₹2068, driven by strong buying interest.
| Description | Figures |
|---|---|
| Today’s Close | ₹2035.60 |
| Previous Close | ₹1812.10 |
| Today’s Open | ₹1850 |
| Today’s High | ₹2068 |
| Today’s Low | ₹1835.50 |
| VWAP (Volume Weighted Average Price) | ₹2000.08 |
Cochin Shipyard Market Cap and Valuation
- Market Cap: ₹53,323.84 Crore
- Free Float Market Cap: ₹17,146.35 Crore
- Face Value: ₹5
- P/E Ratio: 57.62
- Strong Q4 Results of FY25: The company reported a net profit of Rs 783.3 crore in Q4 of FY25, which is a growth of 157% compared to the same quarter last year. Along with this, revenue also increased by 62% YoY to Rs 3,830.5 crore. These results gave a strong boost to investor sentiment.
- Positive Analyst Outlook: Analysts are expecting that Cochin Shipyard’s defense orders could grow 3x by FY27. The government’s “Make in India” and self-reliance initiative is supporting local companies in the defense sector, which is benefiting PSUs like Cochin Shipyard.
- New Expansion Plans: Cochin Shipyard has signed an MoU with Drydocks World under which ship repair clusters will be developed in India. This partnership will diversify its operations and open new revenue channels.
- Strong Government Support: PM Modi’s recent defense sector endorsements and successful missions like Operation Sindoor have made the market sentiment quite positive. This sector-wide rally has been seen largely in PSU defense stocks – including Cochin Shipyard.
Cochin Shipyard share price has been on a upward journey. In just the past five days, the share price of Cochin shipyard has jumped 34.96%. The stock has surged 41.49% in the past month alone, and over a six-month period, it has given a massive gains of 57.29%.
Technical Levels to Watch
- Immediate Support: ₹1835 (Strong buying interest above this level)
- Immediate Resistance: ₹2099 (A breakout above this could lead to further rally)
- Current Momentum: Bullish above ₹2000.
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
