Cochin Shipyard Multibagger Stocks: Shares of Cochin Shipyard closed at Rs 1146.15 per share on the NSE with a gain of Rs 191 or 20%. At the same time, the effect of the ongoing boom in the Indian domestic stock market since 4 days was also recorded on the 5th day on Thursday.
The deal with the Indian Navy to make six next generation missile vanes was the main reason for the rise in the company’s shares.
The effect of the ongoing boom in the Indian domestic stock market since 4 days was also recorded on the 5th day on Thursday. The Sensex gained 368.91 points i.e. 0.56% and closed at the level of 66,249.43. Similarly, the Nifty-50 gained 111.95 i.e. 0.57% and closed at the level of 19,723.00 points. Shares of Cochin Shipyard, the country’s largest ship-building company, made it to the top among the top gainers on Thursday.
Shares of Cochin Shipyard closed at Rs 1146.15 per share on the NSE with an increase of Rs 191 or 20%. When the market opened in the morning, the stock opened with a price of only Rs 955, which fell to Rs 947 in the afternoon due to profit-booking. The stock of Cochin Shipyard has given a return of up to 248% to its investors in 3 years.
The deal with the Indian Navy to make six next generation missile vanes was the main reason for the rise in the company’s shares. However, the share was also strengthened due to the final dividend of Rs 3 per share. Cochin Shipyard strengthened its order book after sealing the deal with the Indian Navy. At the same time, before this, Cochin Shipyard has won a big deal from Corporation of India in partnership with Netherlands company IHC. The company has expressed hope of continuing getting bigger orders in future also.
