Latest news with #Shipyard
Economic Times
4 days ago
- Business
- Economic Times
Cochin Shipyard shares rally over 8% on NATO defence push, stock up 32% in 4 days
Cochin Shipyard surged 8.4% on Friday, extending its 32.4% rally in four sessions, driven by rising defence spending sentiment after NATO's call for higher budgets. The stock has gained over 1,400% in three years. Despite strong momentum and robust Q4 earnings, analysts remain cautious, with a consensus 'Hold' rating and a 47% downside from current levels. Tired of too many ads? Remove Ads Cochin Shipyard's Rising Momentum Tired of too many ads? Remove Ads Q4 Earnings Snapshot Shares of Cochin Shipyard climbed as much as 8.4% on Friday to Rs 2,547.25 on BSE, extending a sharp rally in defence-linked stocks after a call by the U.S. for NATO members to significantly raise their defence spending. The stock has now gained 32.4% over four trading sessions, fueled by rising investor bets on India's naval build-up and the company's strong order book latest boost in defence stocks came after NATO Secretary General Mark Rutte on Wednesday proposed that member states raise their defence spending to 3.5% of GDP. Although India is not a NATO member, it maintains bilateral defence and strategic ties with several NATO nations, including the U.S., France, and the U.K., raising expectations that Indian defence companies could indirectly benefit from increased demand for equipment and support Defence Minister Ruben Brekelmans stated, 'We should spend at least 3.5% on defense, which in the Netherlands means an additional 16 to 19 billion euros (USD 18–22 billion) on top of our current budget.' NATO members are required to meet confidential "capability targets" across areas such as air defence systems, long-range missiles, drones, and Shipyard, India's largest public sector shipbuilder and a key supplier to the Indian Navy and Coast Guard, has delivered a staggering 737% return over the last two years. A constituent of the Nifty Midcap 150 index, the stock has surged 94.4% in the past three months and 24.4% in the past one month. Over a three-year period, the stock has returned 1,403%.During Friday's session, trading volumes surged alongside the price rally. Cochin Shipyard is now trading above all key moving averages — 5-day, 10-day, 20-day, 50-day, and 200-day SMAs — underscoring the strength of the uptrend. Technical indicators further highlight bullish sentiment: the Relative Strength Index (RSI) stands at 78.2 (overbought territory), while the MACD at 150.9 remains above the signal company recently posted a 10.8% year-on-year rise in net profit to Rs 287 crore for the March quarter, while revenue increased 37% to Rs 1,758 crore. However, EBITDA declined 7.6% to Rs 266 crore and margins contracted sharply by 730 basis points to 15.10%, compared with 22.40% in the same quarter last Shipyard maintains a robust financial structure, with a Debt-to-Equity ratio of just 0.01 as of March 2025, marginally higher than 0.00 a year strong price momentum, analysts remain cautious. According to Trendlyne, the average target price for the stock is Rs 1,349, implying a potential downside of 47% from current levels. Of the three analysts tracking the stock, the consensus rating is 'Hold'.
Time of India
4 days ago
- Business
- Time of India
Cochin Shipyard shares rally over 8% on NATO defence push, stock up 32% in 4 days
Cochin Shipyard's Rising Momentum Live Events Q4 Earnings Snapshot (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Cochin Shipyard climbed as much as 8.4% on Friday to Rs 2,547.25 on BSE, extending a sharp rally in defence-linked stocks after a call by the U.S. for NATO members to significantly raise their defence spending. The stock has now gained 32.4% over four trading sessions, fueled by rising investor bets on India's naval build-up and the company's strong order book latest boost in defence stocks came after NATO Secretary General Mark Rutte on Wednesday proposed that member states raise their defence spending to 3.5% of GDP. Although India is not a NATO member, it maintains bilateral defence and strategic ties with several NATO nations, including the U.S., France, and the U.K., raising expectations that Indian defence companies could indirectly benefit from increased demand for equipment and support Defence Minister Ruben Brekelmans stated, 'We should spend at least 3.5% on defense, which in the Netherlands means an additional 16 to 19 billion euros (USD 18–22 billion) on top of our current budget.' NATO members are required to meet confidential "capability targets" across areas such as air defence systems, long-range missiles, drones, and Shipyard, India's largest public sector shipbuilder and a key supplier to the Indian Navy and Coast Guard, has delivered a staggering 737% return over the last two years. A constituent of the Nifty Midcap 150 index, the stock has surged 94.4% in the past three months and 24.4% in the past one month. Over a three-year period, the stock has returned 1,403%.During Friday's session, trading volumes surged alongside the price rally. Cochin Shipyard is now trading above all key moving averages — 5-day, 10-day, 20-day, 50-day, and 200-day SMAs — underscoring the strength of the uptrend. Technical indicators further highlight bullish sentiment: the Relative Strength Index (RSI) stands at 78.2 (overbought territory), while the MACD at 150.9 remains above the signal company recently posted a 10.8% year-on-year rise in net profit to Rs 287 crore for the March quarter, while revenue increased 37% to Rs 1,758 crore. However, EBITDA declined 7.6% to Rs 266 crore and margins contracted sharply by 730 basis points to 15.10%, compared with 22.40% in the same quarter last Shipyard maintains a robust financial structure, with a Debt-to-Equity ratio of just 0.01 as of March 2025, marginally higher than 0.00 a year strong price momentum, analysts remain cautious. According to Trendlyne, the average target price for the stock is Rs 1,349, implying a potential downside of 47% from current levels. Of the three analysts tracking the stock, the consensus rating is 'Hold'.
Yahoo
5 days ago
- Business
- Yahoo
Newtide Launches Enterprise AI Platform 'RisingTide' for Fuels and Convenience Retail Industry
Data Helm, Agent Harbor and Shipyard enable agentic automation CHARLESTON, S.C., June 5, 2025 /PRNewswire/ -- Newtide today announced its first to market enterprise AI platform, termed RisingTide, specifically focused on the fuels and convenience retail industry. RisingTide's platform, including Data Helm, Agent Harbor and Shipyard, creates an Agentic AI approach that works to redefine how companies deploy digital intelligence right into their business. The RisingTide platform combines intelligent agents, robust data management and AI workflows to accelerate and streamline operations, provide insights, and drive growth. Data Helm is the foundation for data ingestion and management. It captures raw data from diverse sources (e.g., emails, documents, databases or APIs), stores it in a scalable Data Lake, and transforms it into structured formats usable by AI Agents. Agent Harbor enables the creation, training, and deployment of AI agents. These agents perform tasks , generate insights and aid in decision-making. Shipyard is the AI workflow factory that orchestrates automation. It integrates Data Helm's data, Agent Harbor's agents, and external systems into cohesive workflows. Shipyard's drag-and-drop editor and support for 300+ services enable rapid workflow design, testing and deployment. "By equipping every employee with intelligent agents and workflows, the RisingTide AI platform eliminates repetitive, mind-numbing tasks, boosting efficiency, and freeing teams to focus on strategic work while delivering better service. At Newtide, our ambition is to create AI solutions that elevate jobs, empower people, and enable businesses to thrive in a rapidly changing world," said Vlad Collak, Co-Founder and CEO of NewTide. As part of the launch of its enterprise AI platform, Newtide is also unveiling its revised web site at Newtide is an enterprise agentic AI company for the fuels and convenience retail industries that transforms organizational data into real business outcomes using both traditional Machine Learning and Generative AI. Its purpose is to advance humanity through intelligent technology. More information can be found at Media Contact: Laura Varn 843-371-0888 View original content to download multimedia: SOURCE Newtide
