India's Cochin Shipyard surges ahead of Q4 results, amid report of partnership with HD Hyundai

Cochin Shipyard

15/05/2025 07:37

** Cochin Shipyard COCH.NS surges as much as 6.80% to 1,815 rupees, an eight-month high

** COCH shares are on course to gain for fifth straight session, rising 25% over the period

** Co scheduled to report March quarter earnings later in the day

** Indian defence and shipbuilder stocks, including COCH, have risen over the last few sessions on Indian government's push for indigenous equipment after the recent India-Pakistan conflict

** COCH and South Korea's HD Hyundai are nearing a partnership for mega shipyard project in Tamil Nadu worth 100 billion rupees ($1.17 billion), Times of India newspaper reported, citing officials

** In response, COCH says its evaluating strategic opportunities with multiple entities; adds no material event requiring disclosure at this point

** Including day's gains, COCH up 10.4% YTD, outperforming the Nifty midcap 100 index's .NIFMDCP100 1.7% drop

($1 = 85.6410 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))