The announcement was made on Friday, 23 November 2018 when the stock markets were closed for local holiday.

Meanwhile, the S&P BSE Sensex was up 394.53 points or 1.13% at 35,375.55

On the BSE, 27,000 shares were traded in the counter so far, compared with average daily volumes of 7,225 shares in the past two weeks. The stock had hit a high of Rs 403.95 and a low of Rs 383.05 so far during the day. The stock had hit a record high of Rs 598.90 on 24 November 2017. The stock had hit a record low of Rs 356 on 9 October 2018.

Cochin Shipyard announced buyback of up to 43.95 lakh shares at Rs 455 per share for a maximum amount of Rs 200 crore through the tender offer process. The buyback opens on 28 November 2018 and closes on 11 December 2018.

Cochin Shipyard which commenced shiprepair operations in the year 1982, is the leading shiprepair yard in the country. It has vast experience in repairing varied type of vessels including defence vessels, tankers, oil rigs, passenger vessels and port crafts.

Powered by Capital Market - Live News

Net profit of Cochin Shipyard rose 47.33% to Rs 147.64 crore in the quarter ended September 2018 as against Rs 100.21 crore during the previous quarter ended September 2017. Sales rose 37.06% to Rs 799.40 crore in the quarter ended September 2018 as against Rs 583.24 crore during the previous quarter ended September 2017.

Powered by Capital Market - Live News

Cochin Shipyard will hold a meeting of the Board of Directors of the Company on 31 October 2018.

Powered by Capital Market - Live News

Cochin Shipyard has fixed 31 October 2018 as record date for buyback of shares.

Powered by Capital Market - Live News