Shares of Cochin Shipyard Ltd. surged 10% on Friday, reversing a four-day losing streak during which the stock had declined by 8%. The shipbuilder has drawn significant market attention as it is one of the companies included in the FTSE All World Index. The rebalancing for the index is scheduled to take place during the final minutes of Friday’s trading session, and IIFL Alternative Research has indicated that Cochin Shipyard is expected to see inflows of over $30 million during this period.
The stock had previously corrected by 43% from its peak of ₹2,979, which it reached in July this year. Despite this sharp correction, Cochin Shipyard continues to trade at a FY2026 price-to-earnings multiple of 38.3 times, which is higher than its five-year average of 36.5 times.
Analysts have remained largely positive on Cochin Shipyard. Out of the five analysts who cover the stock, three have given it a “buy” rating, while one has a “hold” and another has a “sell” recommendation. The company’s long-term prospects in the shipbuilding industry, coupled with its inclusion in the FTSE index, have sparked renewed investor interest.
As of the latest trading session, Cochin Shipyard shares were up 10%, trading at ₹1,846.05, signaling strong market confidence ahead of the expected inflows.
