Cochin Shipyard Ltd shares gained 3% in intraday trade ahead of its Q4 earnings announcement. As of 9:30 AM, the shares were trading 3.15% higher at Rs 1,753.00.
The stock opened at ₹1,726.00 and touched an intraday high of ₹1,775.00, while the low stood at ₹1,720.40. The stock remains significantly below its 52-week high of ₹2,979.45, but well above the 52-week low of ₹1,180.20. The upward movement comes as investors anticipate the company’s financial performance for the March quarter.
Cochin Shipyard, a key player in India’s shipbuilding and ship repair sector, has been in focus due to recent order inflows and defense-related contracts. The Q4 results are expected to offer further clarity on revenue growth and profitability.
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