Cochin Shipyard is currently trading at Rs. 384.00, up by 3.60 points or 0.95% from its previous closing of Rs. 380.40 on the BSE.
The scrip opened at Rs. 385.00 and has touched a high and low of Rs. 390.00 and Rs. 378.85 respectively. So far 7695 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 543.95 on 26-Apr-2018 and a 52 week low of Rs. 333.00 on 19-Feb-2019.
Last one week high and low of the scrip stood at Rs. 392.00 and Rs. 374.15 respectively. The current market cap of the company is Rs. 5051.15 crore.
The promoters holding in the company stood at 75.21%, while Institutions and Non-Institutions held 12.69% and 12.10% respectively.
Cochin Shipyard has received the formal letter of ‘Acceptance of Tender’ for nine Floating Boarder Outpost Vessels (FBOPs) from Ministry of Home Affairs (MHA). The order worth Rs 270 crore (price for nine vessels) was bagged by the company against stiff domestic competitive tender process participated by other shipyards. These Boats will eventually join the water wing of Boarder Security Force (BSF). The first set of 3 FBOPs are to be delivered within 18 months and subsequent batches of 3 each in 9 months intervals.
These vessels will be designed in-house by the company and is having approximately 46 meter length and 12 meter wide capable of working in very low draft of up to 1.2 meter. Each FBOP also equipped with four fast patrol boats which can be launched and hoisted using its own davit system. The FBOPs are also equipped with necessary navigation, communication and surveillance systems besides other modern facilities. It also has living accommodation for 38 men on board. By way of picking up this order, the company aims to prove its capability in the defence vessel constructions and its commitment to support the new projects of various Indian Defence organisations for Maritime Security.
Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector.
| Company Name | CMP |
|---|---|
| Mazagon Dock Ship | 3991.50 |
| Cochin Shipyard | 1298.50 |
| VMS Industries | 41.12 |
| Knowledge Marine & E | 2025.00 |
| Laxmipati Engineerin | 240.15 |
| View more.. | |
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