Cochin Shipyard Limited: Udupi Cochin Shipyard, a subsidiary of Cochin Shipyard Limited, has received work from an Adani Group company. This work is provided by Adani Harbor Services Limited. Order cost Rs. 1000 crore to Rs. 2000 crore has been estimated. Let us tell you that the company has to build three 70 t bollard pull ASD tugs.
Previously the company has built two 62 t bollard pull ASD tugs for OSL. Which was prepared and given by the company before the fixed date. Currently both these bollards are working at Pradeep Port and New Mangalore Port.
Experts have issued a red alert regarding this PSU company giving multibagger returns
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A bollard would be something like this
Udupi Cochin Shipyard in its press release stated that the bollard was designed by Robert Allen Limited. Its length is 22 meters. The width is 12.2 meters. It has two engines of 1838 kW each. Along with this, a deal generator of 150 kilowatts will also be installed.
Udupi Cochin Shipyard has signed a contract with Polestar Maritime Limited to build two 70t bollard pull ASD tugs. Let us tell you that currently the company has many large orders.
Q4 results disappointed, there was a rush to sell the company’s shares, the price fell 5%
How is Cochin Shipyard performing in the stock market?
Shares of Cochin Shipyard have performed well in the stock market. The company’s share price has increased by 684 percent in the last one year. At the same time, investors holding the stock for 6 months have made 223 percent profit so far. According to Trendlyne data, the share price of Cochin Shipyard has increased by 122 percent in just 3 months. Let us tell you that the share price of this company has increased by 49.40 percent in the last one month.
The company hit a 52-week high on the BSE at Rs. 2100 and a 52-week low of Rs. is 245.18. The market cap of the company is Rs. 51,238.93 crores.