India's Cochin Shipyard rises on agreement with US Navy

Cochin Shipyard

08/04/2024 07:22

** Shares of Cochin Shipyard  COCH.NS  rise as much as 7.4%
to record high of 1,161 rupees, fifth all-time high so far this
month; stock last up 7% 
    ** Ship builder said on Saturday it signed master shipyard
repair agreement with United States Navy
    ** Stock rose 24% last week, gaining most since week-ending
Sept. 8, 2023
    ** COCH rose for last four straight quarters, rising 3.7x
during the period
    ** Stock trading above its 100-day SMA since early June,
indicating bullish sentiment
    ** Trading vol is 1.4x the 30-day daily avg, tops 5 mln for
sixth straight session
    ** Stock rose 2.5x in 2023, gaining most in a year since
listing in Aug 2017




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))