India's Cochin Shipyard extends record high rally

Garden Reach Shipbuilders & Engineers

03/04/2024 06:47

** Shares of ship builder Cochin Shipyard  COCH.NS  jump as
much as 6.3% to a record high of 1,047.50 rupees, third all-time
high so far this month
    ** Over 256,000 trade in 4 block deals as of 10:27 a.m. IST
at 1028.30-1044.55 rupees - LSEG
    ** Shipping Corp Of India  SCI.NS , Garden Reach
Shipbuilders & Engineers  GRSE.NS , Mazagon Dock Shipbuilders
 MAZG.NS  also up 2%-9% 
    ** Reuters could not immediately ascertain reason for stock
moves
    ** SCI set for fifth straight winning session, if gains hold
    ** GRSE most active since early Jan, with 3.5 mln shares
traded so far 
    ** Over 51,500 shares MAZG trade in 2 block deals as of
10:11 a.m. IST at 2148.85-2152.50 rupees - LSEG
    ** MAZG down 5.8% YTD, while GRSE up 1.3% 
        ** COCH, SCI up ~53% and 36%, respectively, YTD 
  
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))