India's Cochin Shipyard hits record high after capacity expansion report

Cochin Shipyard

17/01/2024 09:53

** Shares of India's Cochin Shipyard  COCH.NS  up as much as
12.1% at a record 888 rupees, their third all-time high in 13
sessions so far this month 
    ** COCH to open a dry dock and an international ship repair
facility, marking its largest investment in capacity expansion -
Economic Times reported on Monday 
    ** COCH did not immediately respond to Reuters' request for
comment 
    ** Stock on track to rise for three straight sessions, if
gains hold     
    ** Over 25 mln shares changed hands, 4x the 30-day avg
    ** Stock has risen ~27% so far this year, after two straight
annual gains 

 (Reporting by Hritam Mukherjee)
 ((Hritam.Mukherjee@thomsonreuters.com;))