Cochin Shipyard Ltd Share Price – NSE  /  BSE

Aerospace & Defence, Small Cap

The key domestic indices pared some gains and traded with decent gains in morning trade. The Nifty traded below the 24,350 mark. IT shares witnessed buying demand for the sixth consecutive trading sessions. Trading could be volatile due to weekly F&O series expiry today.

At 10:30 IST, the barometer index, the S&P BSE Sensex was up 176.14 points or 0.22% to 80,162.94. The Nifty 50 index added 48.30 points or 0.20% to 24,334.80.

The Sensex and Nifty clocked an all-time high of 80,392.64 and 24,401, respectively in morning trade. Further, the Nifty Bank also hits record high at 53,357.70 in early trade.

In the broader market, the S&P BSE Mid-Cap index added 0.22% and the S&P BSE Small-Cap index rose 0.31%.

The S&P BSE Mid-Cap and S&P BSE Small-Cap index hit an all-time high at 47,043.80 and 53,775.17, respectively.

The market breadth was strong. On the BSE, 2,041 shares rose and 1,619 shares fell. A total of 136 shares were unchanged.

Buzzing Index:

The Nifty IT index gained 1.32% to 37,807.45. The index jumped 6.78% in six consecutive trading sessions.

Persistent Systems (up 2.61%), Coforge (up 2.45%), HCL Technologies (up 2.03%), Mphasis (up 1.63%), Tata Consultancy Services (up 1.35%), Infosys (up 1.26%), L&T Technology Services (up 0.97%), LTIMindtree (up 0.49%) and Wipro (up 0.06%) advanced.

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Bajaj Finance fell 1.21%. The company’s new loans booked increased by 10% to 10.97 million in Q1 FY25 as compared to 9.94 million recorded in Q1 FY24.

Brigade Enterprises advanced 2.98% after the company announced the signing of a joint development agreement (JDA) for a residential project at West Bangalore’s Tumkur Road.

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The tenure has been extended till the date of Jose V J's superannuation i.e. 28 February 2027 or until further orders, whichever is earlier.

Jose V J assumed charge as Director (Finance) and chief financial officer of the company from August 2019. He is a member of the Institute of Cost Accountants of India and also holds a degree in Law from Government Law College, Ernakulam.

He has approximately 33 years of work experience across diverse field viz., financial management, strategic planning, risk management, forex management, budgeting and cost control. He is also heading the Information Systems Department of the Company. He is also a Director in Hooghly Cochin Shipyard and Udupi Cochin Shipyard, the wholly owned subsidiaries of CSL.

Cochin Shipyard is engaged in shipbuilding & ship repair. As on 31 March 2024, the Government of India held 72.86% total voting right in the company.

The company reported a consolidated net profit of Rs 258.88 crore in Q4 FY24, steeply higher than Rs 39.34 crore recorded in Q4 FY23. Revenue from operations zoomed 114.31% to Rs 1,286.05 crore in the March quarter as against Rs 600.09 crore reported in the same period a year ago.

The scrip jumped 7.96% to end at Rs 2,440.20 on Wednesday, 3 July 2024.

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Wilson ASA, a company headquartered in Bergen, Norway, is the leading short sea fleet operator in Europe and transports about 15 million tonnes dry cargo across Europe. The company operates a fleet of around 130 vessels ranging from 1500 to 8500 DWT.

The Vessel is of 100 Meters length and has a deadweight of 6300 Metric Tonnes at a design draft of 6.5 Metres. The Vessels shall be designed by Conoship International, Netherlands and shall be constructed as an environment friendly diesel electric vessel for the transport of general cargo in the coastal waters of Europe. The overall project of 8 vessels is worth about Rs 1,100 crores and is to be executed within September 2028.

Agreement has also been entered into for additional 4 vessels of the same type which will be formally contracted within September 19, 2024. The overall project of 8 vessels is worth about Rs. 1,100 crore and is to be executed within September 2028.

Cochin Shipyard is engaged in shipbuilding & ship repair. As on 31 March 2024, the Government of India held 72.86% total voting right in the company.

The company reported a consolidated net profit of Rs 258.88 crore in Q4 FY24, steeply higher than Rs 39.34 crore recorded in Q4 FY23. Revenue from operations zoomed 114.31% to Rs 1,286.05 crore in the March quarter as against Rs 600.09 crore reported in the same period a year ago.

The scrip declined 1.13% to end at Rs 2,212.60 on Friday, 28 June 2024.

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Udupi Cochin Shipyard (UCSL), a wholly owned subsidiary of Cochin Shipyard (CSL), wins a prestigious international order from Wilson ASA, Norway, for Design and Construction of 4 nos. of 6300 TDW Dry Cargo Vessels.

Agreement has also been entered into for additional 4 vessels of the same type which will be formally contracted within September 19, 2024. This is a follow up order in continuation of the contract awarded in June 2023 for Design and Construction of six 3800 TDW Dry Cargo Vessels which are now at advanced levels of construction at the yard at Udupi, Karnataka.

The Vessel is of 100 Meters length and has a deadweight of 6300 Metric Tonnes at a design draft of 6.5 Metres. The Vessels shall be designed by Conoship International, Netherlands and shall be constructed as an environment friendly diesel electric vessel for the transport of general cargo in the coastal waters of Europe.

The overall project of 8 vessels is worth about Rs. 1,100 crore and is to be executed within September 2028.

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