The Government holds a 72% stake in Cochin Shipyard through the Ministry of Shipping. The company has a facility to construct ships weighing upto 1.1 lakh dead weight tonnes. It has a track record of constructing 175 vessels, and prior experience of building an aircraft carrier. It is therefore well placed to win the order of a new aircraft when it will be awarded.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce