Shares of Cochin Shipyard Ltd., the state-run defence company, which have surged for six straight sessions, are likely to fall nearly 60% from current levels, brokerage firm Kotak Institutional Equities wrote in a note on Friday, May 16. The stock has gained 35% during the last six trading sessions. Cochin Shipyard’s fourth quarter results were…
Shares of state-run shipbuilder Cochin Shipyard Ltd. are trading with gains of 4% on Thursday, May 15, following the defence PSU’s March quarter earnings. The stock is extending its gaining streak for the fifth day running. Cochin Shipyard’s net profit rose by 10.8% from last year to ₹287 crore. Revenue for the quarter also jumped…
After a sharp sell-off on Saturday, February 1, shares of Mazagon Dock Shipbuilders Ltd., Cochin Shipyard Ltd. and Garden Reach Shipbuilders Ltd. will be in focus during the upcoming week as well. That is because all three PSU companies will be reporting their results for the December quarter. Company Value Change %Change Mazagon Dock informed…
