India's Cochin Shipyard up on order win

Cochin Shipyard

14/05/2024 04:56

** Shares of Cochin Shipyard  COCH.NS  up 5.5% to 1,261.3
rupees
    ** Co says its got an order in the range of 5 bln rupees
($59.9 mln) to 10 bln rupees ($119.8 mln) for construction of a
vessel
    ** Stock on track for best day since April 23 when it surged
on block deals at a premium
    ** Stock set to end three-day losing streak, if trend holds
    ** YTD, stock up nearly 2X

($1 = 83.5100 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))