Cochin Shipyard shares rally 5% on securing Rs 1,000 crore Defence Ministry contract

December 2, 2024

Cochin Shipyard share price: Cochin Shipyard shares surged 5% to Rs 1655.75 after the company secured a Rs 1,000 crore contract with the Ministry of Defence for refitting and dry docking a large Indian Naval Vessel. They reported a 4% YoY increase in net profit at Rs 189 crore for Q2 FY25. Revenue rose 13% to Rs 1,143.2 crore.

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