Latest news with #CochinShipyardLtd
Business Standard
15 hours ago
- Business
- Business Standard
Orient Cement Ltd leads losers in 'A' group
Avantel Ltd, SEPC Ltd, Cochin Shipyard Ltd and Data Patterns (India) Ltd are among the other losers in the BSE's 'A' group today, 09 June 2025. Avantel Ltd, SEPC Ltd, Cochin Shipyard Ltd and Data Patterns (India) Ltd are among the other losers in the BSE's 'A' group today, 09 June 2025. Orient Cement Ltd tumbled 8.96% to Rs 322.45 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 1.02 lakh shares were traded on the counter so far as against the average daily volumes of 21110 shares in the past one month. Avantel Ltd lost 7.18% to Rs 159. The stock was the second biggest loser in 'A' the BSE, 8.59 lakh shares were traded on the counter so far as against the average daily volumes of 8.46 lakh shares in the past one month. SEPC Ltd crashed 6.05% to Rs 13.67. The stock was the third biggest loser in 'A' the BSE, 20.44 lakh shares were traded on the counter so far as against the average daily volumes of 10.61 lakh shares in the past one month. Cochin Shipyard Ltd dropped 3.34% to Rs 2312.75. The stock was the fourth biggest loser in 'A' the BSE, 8.93 lakh shares were traded on the counter so far as against the average daily volumes of 14.44 lakh shares in the past one month. Data Patterns (India) Ltd corrected 3.22% to Rs 2962.85. The stock was the fifth biggest loser in 'A' the BSE, 38991 shares were traded on the counter so far as against the average daily volumes of 1.54 lakh shares in the past one month.
Business Standard
4 days ago
- Business
- Business Standard
Permanent Magnets Ltd Surges 12.25%
Permanent Magnets Ltd has added 16.07% over last one month compared to 16.28% gain in BSE Industrials index and 0.85% rise in the SENSEX Permanent Magnets Ltd gained 12.25% today to trade at Rs 898. The BSE Industrials index is up 0.38% to quote at 15136.93. The index is up 16.28 % over last one month. Among the other constituents of the index, Rama Steel Tubes Ltd increased 9.08% and Cochin Shipyard Ltd added 8.19% on the day. The BSE Industrials index went up 4.54 % over last one year compared to the 8.47% surge in benchmark SENSEX. Permanent Magnets Ltd has added 16.07% over last one month compared to 16.28% gain in BSE Industrials index and 0.85% rise in the SENSEX. On the BSE, 14391 shares were traded in the counter so far compared with average daily volumes of 10089 shares in the past one month. The stock hit a record high of Rs 1199 on 08 Jul 2024. The stock hit a 52-week low of Rs 600 on 17 Mar 2025.
Economic Times
4 days ago
- Business
- Economic Times
Cochin Shipyard share price gain 12.66% as Sensex rises
Shares of Cochin Shipyard Ltd. traded 12.66 per cent up at Rs 2350.8 at 04:32PM (IST) on Thursday, even as BSE benchmark Sensex gained 443.79 points to 81442.04. ADVERTISEMENT The stock had closed at Rs 2086.7 in the previous session. The stock quoted a 52-week high price of Rs 2979.45 and 52-week low of Rs 1180.2, respectively. As per BSE data, total traded volume on the counter till 04:32PM (IST) stood at 23864609 shares with a turnover of Rs 5373.58 crore. At the current price, shares of the company traded at 74.74 times its trailing 12-month earnings per share of Rs 31.45 per share and 6.63 times its price-to-book value, BSE data showed. A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.65. Shareholding Details ADVERTISEMENT Promoters held 67.91 per cent stake in the company as of 31-Mar-2025, while FIIs owned 2.87 per cent and DIIs 3.42 per cent. Technicals ADVERTISEMENT On the technical charts, the relative strength index (RSI) of the stock stood at 78.23. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Cochin Shipyard share price gain 12.66% as Sensex rises
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Cochin Shipyard Ltd . traded 12.66 per cent up at Rs 2350.8 at 04:32PM (IST) on Thursday, even as BSE benchmark Sensex gained 443.79 points to stock had closed at Rs 2086.7 in the previous session. The stock quoted a 52-week high price of Rs 2979.45 and 52-week low of Rs 1180.2, respectively. As per BSE data, total traded volume on the counter till 04:32PM (IST) stood at 23864609 shares with a turnover of Rs 5373.58 the current price, shares of the company traded at 74.74 times its trailing 12-month earnings per share of Rs 31.45 per share and 6.63 times its price-to-book value, BSE data showed.A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at held 67.91 per cent stake in the company as of 31-Mar-2025, while FIIs owned 2.87 per cent and DIIs 3.42 per the technical charts, the relative strength index (RSI) of the stock stood at 78.23. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
Mint
20-05-2025
- Business
- Mint
Defence stocks on a tear: Operation Sindoor, policy push trigger up to 39% rally since May 7. More upside on cards?
Defence stocks in focus: India's defence stocks have been on a strong upward trajectory over the past two weeks, with several counters posting gains of up to 39 per cent since the commencement of Operation Sindoor. Companies such as Garden Reach Shipbuilders & Engineers Ltd (GRSE), Cochin Shipyard Ltd, Mishra Dhatu Nigam Ltd (MIDHANI), Paras Defence and Space Technologies Ltd, Data Patterns (India) Ltd, Bharat Dynamics Ltd (BDL), and Astra Microwave Products Ltd have seen sharp rallies, outperforming broader indices by a wide margin. While the Nifty Defence index surged 18 per cent during this period, the benchmark Nifty 50 advanced a little over 2 per cent. The sharp rally in the defence basket has been attributed to heightened geopolitical tensions between India and Pakistan, and a renewed push by the Prime Minister towards indigenous defence manufacturing and self-reliance in military technology. Market experts believe the surge in defence stocks is being fueled by the overwhelming success of Operation Sindoor, which not only met its strategic objectives but also showcased India's rapidly advancing technological capabilities in warfare. From drone combat and layered air defence to electronic warfare systems, India's indigenously-developed platforms played a central role in the operation, significantly boosting investor sentiment toward the sector. 'India's defence sector has come of age, and how! The seamless integration of hi-tech indigenous systems into national defence was done in a telling manner, and that message has been effectively conveyed both at home and abroad,' said Manoranjan Sharma, Chief Economist, Infomerics Valuation and Ratings. He added that with the Indian military's capabilities firmly established, the prospects for homegrown defence firms have improved markedly. 'Defence stocks are fairly valued considering the competence of Indian products. In the new strategic environment, they are likely to move higher and onwards,' Sharma said. While many investors have rushed to take positions in the booming defence sector, analysts advise a more measured approach. Kotak Institutional Equities, in a recent note, cautioned that the market is once again succumbing to 'irrational exuberance,' with narratives like defence becoming the latest momentum trade. The firm warned that such stories often have a short shelf life and stressed the importance of having a disciplined exit strategy. On the other hand, Antique Broking struck a more optimistic tone. It noted that after a prolonged price correction between July 2024 and March 2025, defence stocks have rebounded sharply in April 2025, aided by geopolitical developments and government order approvals worth ₹ 54,000 crore. The brokerage remains positive on long-term prospects and expects select shipyard stocks to trade at up to 45 times FY27 core earnings. It continues to recommend stocks like Mazagon Dock and GRSE. However, it flagged uncertainties around Cochin Shipyard due to the lack of clarity on India's next aircraft carrier project (IAC-II), which could limit upside in the near term. Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital, also advised long-term investors to remain calm and avoid panic buying. 'There is no need for FOMO. Keep a watchlist of high-conviction stocks and sectors, and allocate capital steadily over time,' he said. Stock price data from May 7 highlights the intensity of the rally. Garden Reach Shipbuilders stock has surged nearly 39 per cent, followed closely by Cochin Shipyard and Zen Technologies, each up 36 per cent. MIDHANI rose 33 per cent, while Data Patterns jumped 30 per cent. Astra Microwave Products, Bharat Dynamics, Paras Defence, and Mazagon Dock Shipbuilders gained between 21–29 per cent. Meanwhile, other prominent defence names like BEML, Bharat Electronics, and Hindustan Aeronautics rose over 12 per cent each, contributing to the sector-wide momentum. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
