On 24th March 2025, Cochin Shipyard experienced an upward graph in its morning trades. Analysts and market experts say that the shift in the share prices could be attributed to various reasons like Cochin Shipyard’s third-quarter performance, securing crucial deals with the Ministry of Defence, and the general market sentiment with Cochin Shipyard in bullish waters.
Today, shares opened to the market at Rs. 1,452.45. The prices heightened by almost 3% compared to the opening bell and the previous session’s closing rates.
Cochin Shipyard Share Price in Today’s Market
At 10:44 a.m., Cochin Shipyard’s share price was 1472.40, nearly 1.3% higher than the opening rate. And 2.3% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalisation shows 38,733 cores; the UC Limit is 1,582.05, and the LC Limit is 1,594.45.
Company Financials
Cochin Shipyard is a prominent player in shipbuilding and ship repairs in India. It also undertakes projects and ships for the Indian Navy. In the third quarter of FY 2024-25, the company reported Rs. 1,147.64 crore in revenue from operations, marking an 8.64% increase from rs. 1,056.40 crore in the same period last year. Its Net Profit stood at Rs. 177 crore, a 27% decrease compared to Rs. 243.8 crore in the third quarter of the previous fiscal.
Recent News About Cochin Shipyard
- Cochin Shipyard declared an interim dividend of Rs. 3.5 per share, payable by 7th March.
- The first US Navy vessel under the Master Shipyard Repair Agreement (MSRA), signed in April last year, is expected to arrive at CSL by April 2025.
- In February 2025, CSL signed with Maersk to improve India’s ship repair and maritime capabilities.
- The potential contract between the Indian government and South Korea to expand the nation’s shipbuilding capacity could benefit CSL significantly.
Cochin Shipyard Share Price Target
As per reports from market experts, Cochin Shipyard Ltd. has an average target of 1557. The consensus represents an upside of 6.22% from the last price of 1465.80.
Should You Buy, Sell, Or Hold?
Although experts on Trendlyne strongly support buying, Money Control’s experts are divided between holding and selling as well. 33% of analysts suggest selling, and 33% recommend holding the shares. Before investing in Cochin Shipyard, consider its long-term performance and consult your analyst to make the perfect move.
All the information given above is for informational purposes only. Indiahood does not give recommendation on buying or selling. Investors should consult expert before any investment.
