India's Cochin Shipyard tumbles as margin outlook raises earnings concerns
BUZZ-India's Cochin Shipyard tumbles as margin outlook raises earnings concerns ** Shares of India's Cochin Shipyard COCH.NS drop 8.7% to 1,388.40 rupees
** Stock on track for biggest intraday pct drop since May 20, 2025
** Co says discussions with HD Korea Shipbuilding & Offshore Engineering for a block fabrication joint venture did not reach mutually agreeable terms; will develop facility independently at smaller scale
** Now plans to add 60,000 tonnes/year capacity, versus ~100,000 tonnes under JV
** Antique Stock Broking ("hold", PT:1,671 rupees) flags earnings risk as COCH's ~14% EBITDA margin guidance for next two years lags its forecasts
** Brokerage says valuations imply stronger execution than current run-rate, remain at premium to peers
** YTD stock down 6.15%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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