Cochin Shipyard surges on emerging as lowest bidder for Indian Navy’s survey vessels contract
Cochin Shipyard is currently trading at Rs. 1553.60, up by 85.40 points or 5.82% from its previous closing of Rs. 1468.20 on the BSE.
The scrip opened at Rs. 1550.00 and has touched a high and low of Rs. 1575.00 and Rs. 1534.25 respectively. So far 36530 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2547.25 on 06-Jun-2025 and a 52 week low of Rs. 1180.45 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs. 1575.00 and Rs. 1455.00 respectively. The current market cap of the company is Rs. 38625.52 crore.
The promoters holding in the company stood at 67.91%, while Institutions and Non-Institutions held 9.19% and 22.89% respectively.
Cochin Shipyard has been declared as L1 (lowest bidder) in the tender floated by the Ministry of Defence for construction of 5 nos. of Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value is around Rs 5000 crore.
