India's Cochin Shipyard jumps 4% after $38 mln contract

Cochin Shipyard

16/10/2023 10:32

** Shares of Cochin Shipyard Ltd  COCH.NS  rise as much as
3.9% to 1,070 rupees
    ** Shipbuilder gets 3.13 billion rupees ($37.59 million)
contract from India's ministry of defence to provide "mid-life
upgrade" and "re-power" naval ship "INS Beas"
    ** Over 2.3 mln shares change hands by 3:00 p.m. IST
    ** Stock up 98.6% so far this year, outperforming Nifty 500
index's  .NIFTY500  12.7% YTD rise


($1 = 83.2700 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))