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Weekly tactical pick: Cochin Shipyard

Recovery in core business led by strong order book augurs well for Cochin Shipyard in the near term

October 30, 2020 / 12:16 PM IST
Weekly tactical pick: Cochin Shipyard

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Expect sharp recovery in business in second half of current fiscal - Higher execution and robust order book to support growth - Capacity expansion and strong pipeline of orders - Attractive valuation, offering close to 5 per cent dividend yield   Many high quality mid and small companies are still trading at lower valuations despite a strong rally in the broader indices. And that is great news for bargain hunters. R. K. Damani, one of the noted investors, recently picked up a stake in Cochin Shipyard, which...

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