Cochin Shipyard Shares Price: After all, what is the reason, but Kotak has made the stock dirty to sell. Share price of Cochin Shipyard has become multi-beggar for one year.
Share price of Cochin Shipyard rose by almost 10 per cent in early morning trade on Friday to reach its all-time high of Rs 1258 on BSE. Reached its new peak, the stock opened at ₹1,195 against the previous close of ₹1,146.15, up 9.8 percent.
Cochin Shipyard Shares Price Reviews (CSSP)
Has given very good reviews in the last one year. There has been an increase of 212 percent in the last one year, while the equity benchmark Sensex has increased only 11 percent in the same period. If seen, there has been a jump of 135 percent in the current calendar year.
It indicates the current market value of the stock in most of the major positive factors. While Kotak Institutional Equities has downgraded the stock from ‘buy’ to ‘sell’ on brokerage form, it has raised the price target to Rs 990 from Rs 740.
Kotak’s target price of Rs 990 is just 14 per cent lower than the stock’s closing of Rs 1,146.15 on September 7 on BSE.
Kotak downgrades Cochin Shipyard
In his statement, Kotak informed that the Chief of Naval Staff also spoke ab out the manufacturing expertise of Cochin Shipyard acquired through INS 1. Admiral R Hari Kumar to repeat the order of INS Vikrant (IAC-1) Navy’s intention was expressed. The Chief of Naval Staff also talked about the manufacturing expertise of Cochin Shipyard acquired through INS 1, which limits the possibility of re-ordering to any other unit.
Kotak recently said that the Navy Chief’s recent comments are encouraging for ordering IAC again.
However, the brokerage firm also believes that the value of repeat IAC-1 orders is about 10 per cent lower than that of IAC-1, adding that it expects the repeat orders of IAC-1 to be smaller than IAC-2, at around ₹23,000. It was worth crores. Which was planned earlier and will not see a cost overrun as was the case with IAC-1 (six-year delay and six-fold cost increase).
FAQ: Cochin Shipyard Share price Reviews
✔ Is Cochin Shipyard a good stock to buy?
Answer:- Yes, Is Cochin Shipyard Limited a good quality company? Financial track record analysis of the last 10 years by Moneyworks4me indicates that Cochin Shipyard Limited is an average quality company..
✔ What is the future of Cochin Shipyard share price?
Answer:- Share price of Cochin Shipyard rose by almost 10 per cent in early morning trade on Friday to reach its all-time high of Rs 1258 on BSE. Reached its new peak, the stock opened at ₹1,195 against the previous close of ₹1,146.15, up 9.8 percent.
✔ Is Cochin Shipyard a good company?
Answer:- Is Cochin Shipyard a good company to work for? Based on over 103 reviews left anonymously by employees, Cochin Shipyard has an overall rating of 4.4 out of 5. 78% of employees would recommend working at Cochin Shipyard.
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