India's Cochin Shipyard rises on $59 mln order win

Cochin Shipyard

21/12/2023 04:26

** Shares of Cochin Shipyard  COCH.NS  rise ~2% after co
wins order from Indian defence ministry
    ** Deal worth 4.88 mln rupees (nearly $59 mln) for repair
and maintenance of systems onboard Indian Navy vessel
    ** Stock trading above 50-, 100- and 200-day averages since
early November
    ** Including gains from early trading, COCH up over 130%
YTD, compared to Mazagaon Dock Shipbuilders  MAZG.NS  which is
up 165%

($1 = 83.2230 Indian rupees)

 (Reporitng by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))