Cochin Shipyard shares may fall nearly 60% as major orders lack, an analyst projects
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…