Cochin Shipyard shares hit record high after securing a Rs 1,100 crore order

From Business Today: 2024-07-04 05:48:02

Cochin Shipyard shares hit an all-time high of Rs 2,684.20, up 293.85% YTD, after securing a Rs 1,100 crore order to build eight vessels. Analysts are optimistic about the stock, suggesting accumulation on dips. Technical support at Rs 2,550 with a price target of Rs 2,850. Stock trading above moving averages with a P/E ratio of 78.95. Promoters hold 72.86% stake.



Read more at Business Today: Cochin Shipyard shares zoom 10% to hit fresh record high; here’s what you should do