SEBI and stock exchanges have included micro-small cap firms in their enhanced surveillance framework, prompting a large number of market stocks to suffer steep losses. The companies with a market capitalisation of less than Rs5 billion will be put under surveillance in a two-stage process.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.