Defence index hit the fresh 52-week high on Friday amid strong buying in the sector on hopes of boost in domestic defence manufacturing industry after Operation Sindoor achieved unequivocal success.
INS Vikramaditya is a modified Kiev-class aircraft carrier purchased by India from Russia in 2013 under a USD 2.3 billion deal and it was renamed in honour of Vikramaditya
Cochin Shipyard's recent rally comes after the stock saw a significant correction, dropping nearly 50 percent from its peak recorded on July 8 this year.
The shipbuilder's stock reached an all-time high of Rs 2,979.45 per share on the NSE on 8th July 2024. Since then, it has declined by over 51 per cent.
The overall project of 8 vessels is worth about Rs 1,100 crores and is to be executed within September 2028
Despite global market uncertainty, shipbuilding stocks are defying the odds. Cochin Shipyard's Q1 earnings boost led shares to a remarkable 37 percent surge in three days, while Garden Reach Shipbuilders & Engineers rose by 32.88 percent.
Defence sector had a great year with multiple stocks enjoying solid returns. However Shah believes the sector’s dependence on government contracts might affect it in the short term.
The Sensex was up 234 points at 61,963.68, and the Nifty was up 111 points at 18,314.40, as IT, pharma and metal stocks led the gains. About 1,721 shares advanced, 1,783 declined and 168 remained unchanged
The company’s consolidated revenue declined 50 percent year on year to Rs 600 crore. Net profitability was down 86 percent at Rs 39 crore during the quarter
In an exclusive interview with CNBC-TV18, Madhu Nair, Chairman and Managing Director of Cochin Shipyard, revealed that the third carrier could be manufactured in just 8 years, lower than 13 years for INS Vikrant
The agreement in this regard was signed on Friday between Executive Director of IIMK LIVE, Prof. Rajesh Upadhyayula, and General Manager (C-SAS) of CSL, Deepu Surendran
Cochin Shipyard is currently trading below the replacement value, and the market seems to be pricing in the worst. MC Pro's contrarian view suggests this could be a great opportunity to add the stock, particularly because two major risks — relating to the quality of business and the promoters - are almost absent. What are the key tailwinds in store? Watch this video to find out.
Revenue from operations fell 32.43 percent to Rs 657.40 crore in the quarter under review as compared with Rs 972.86 crore in the September quarter of last fiscal.
"The company reported a healthy increase of 17 per cent in its PAT to Rs 106.31 crore for Q1FY19, as compared to Rs 91.16 crore in the corresponding quarter of last fiscal. The company's Q1FY19 PAT margin stood at 16.14 per cent, as compared to 16.39 per cent in Q1FY18," the company said in a statement.
The Indigenous Aircraft Carrier (IAC) Project was reviewed by defence secretary Sanjay Mitra at Cochin Shipyard Limited (CSL) here, he said.
The Minister appreciated the efforts of the CSL management in reaching out to the families of the deceased and also for promptly announcing ex-gratia to their kith and kin.