Defence stocks rose sharply on 4 July after the Defence Acquisition Council (DAC) approved capital acquisition proposals worth around Rs 1.05 lakh crore. The strong jump in share prices propelled the Nifty India Defence index up about 1.7% to around 9,006 this morning. Earlier on 3 July, Defence Minister Rajnath Singh chaired the DAC, which…
February 17, 2025February 17, 2025 Cochin Shipyard announced on Monday, 17 February, that it has signed a Memorandum of Understanding (MoU) with AP Moller-Maersk to explore collaboration in ship repair, maintenance, and shipbuilding in India. The agreement outlines key areas of cooperation, including sharing technical expertise to meet global…
December 27, 2024December 27, 2024 Shares of Cochin Shipyard Ltd were locked at 5% upper circuit on Friday, 27 December, after the company received an order from Adani Ports and Special Economic Zone Ltd (APSEZ) for eight state-of-the-art harbour tugs. The company stated that the tugs, with a total…
September 20, 2024September 20, 2024 Shares of defence conglomerates such as Mazagon Dock, Garden Reach Shipbuilders, and Cochin Shipyards rallied by 10% on 20th September. This breakthrough came after nearly two months of profit-booking. Today, the shares of Paras Defence and Bharat Electronics rose by around 2%, while Hindustan…
Shares of Cochin Shipyard Ltd surged 4% and hit a 52-week high of Rs 2,100 on 3 June after the company’s subsidiary announced securing an order in the range of Rs 100 and Rs 250 crore. An order has been placed with Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of Cochin Shipyard Limited (CSL),…