Cochin Shipyard Ltd Share: Shares of state-owned Cochin Shipyard Limited (CSL) were in focus during trading today on Monday. The company has received a large order from a European customer for Hybrid Service Operation Vessel (SOV). However, a slight fall was seen in the company’s shares today intraday and it reached Rs 1238.20. However, later profit booking was seen and the stock fell by 3% and closed at Rs 1195.
What are the order details?
According to a company release, the value of this large order has been classified between ₹500-1,000 crore. “We would like to inform that CSL has received a major order from a European customer for the design and construction of a Hybrid Service Operation Vessel (Hybrid SOV), with an option for two more such vessels,” according to the stock exchange filing. Hybrid SOVs equipped with innovative hybrid battery systems are set to set new benchmarks in energy efficiency while significantly reducing the carbon footprint. The project is expected to be completed by the end of 2026, it said.
Stormy rise in share of ₹ 41, price came to ₹ 165, gave return of 300%, investors happy
Investors pounce on ₹3 shares, rush to buy, upper circuit imposed, impact of this news
condition of shares
Calendar year 2024 has been a great year for Cochin Shipyard shares. The stock has risen more than 75% so far this year. At the same time, in the last one year it has seen a growth of up to 350 percent. At the same time, it has increased by 120% in the last six months. Its 52 week high price is Rs 1,378.95 and 52 week low price is Rs 234.53. The market cap of the company is Rs 31,438.15 crore.
