Select shares from the shipping sector, namely SCI, GRSE and Mazagon Dock are sharply higher in anticipation of further push by the government which has been increasingly looking to boost shipping and shipbuilding activities in India, both for domestic market as well as for exports.
To support the shipbuilding plans for the Korean MoU, Cochin Shipyard will set up a dedicated Block Fabrication Facility (BFF) at Kochi spread over 80 acres, with an annual capacity of 1.20 lakh MT at an investment of about Rs 3,700 crore.
Stocks to Watch, 18 September: Stocks like Cochin Shipyard, Dixon Technologies, Cohance Lifesciences, Indosolar, Biocon Gujarat Fluorochemicals, Airfloa Rail Technology, BR Goyal Infrastructure, Aavas Financiers, Federal Bank, Yes Bank, and Bandhan Bank will be in focus on September 18.
The market may remain consolidative with rangebound trading until the August high is decisively broken. Below are some short-term trading ideas to consider.
Strong revenue growth in Q1FY26, supported by a robust ship-repair business
Stocks to Watch, 13 August: Stocks like Apollo Hospitals Enterprise, FSN E-Commerce Ventures Nykaa, Honasa Consumer, Suzlon Energy, Jindal Steel and Power, National Securities Depository (NSDL), NMDC, Landmark Cars, and Nazara Technologies will be in focus on August 13.
The consolidation is expected to continue as long as the frontline indices trade below the 50-day EMA. Below are some short-term trading ideas to consider.
Traders are advised to adopt a wait-and-watch approach in the next couple of sessions until a clear breakout or breakdown confirms the next leg of the move, said Sudeep Shah.
Cochin Shipyard share price: The defence stock has jumped over 50% in the past one month.
Shares of Mazagon Dock are higher by 23 percent in the last 30 days, while Paras Defence and Data Patterns have rallied by as much as 47 percent during this period.
Cochin Shipyard Share Price | A meeting of the board of directors of the company is scheduled to be held on May 15, 2025 to consider the standalone and consolidated audited financial results of the company for the quarter and year ended March 31, 2025.
Cochin Shipyard’s order book remains strong at Rs 22,000 crore, over five times its annual revenue, providing a strong revenue visibility. The order pipeline is equally strong and growing
The benchmark indices need to decisively close above the previous day's high for a further upward move; until then, consolidation may be seen. Below are some short-term trading ideas to conside.
The focus is on expanding capabilities to manage larger and more technologically advanced vessels
Shares of Cochin Shipyard dropped 5.42 percent to the intraday low of Rs 1,335 per share on the NSE.
'These tugs are expected to begin delivery in December 2026 and continue until May 2028,' says Adani Ports
Cochin Shipyard Share Price | The contract is for short refit and dry docking of a large Indian Naval Vessel.
Stocks like Tata Motors, Eicher Motors, TVS Motor Company, Biocon, Cochin Shipyard, KEC International, RBL Bank, Bajaj Finance, GP Petroleums, Lemon Tree Hotels, Bharat Petroleum Corporation, and ONGC will also be in focus on December 2.
Geojit Financial Services is bullish on Cochin Shipyard has recommended buy rating on the stock with a target price of Rs 1557 in its research report dated November 25, 2024.