Cochin Shipyard trades in green on the bourses

19 Jun 2019 Evaluate

Cochin Shipyard is currently trading at Rs. 384.45, up by 0.70 points or 0.18% from its previous closing of Rs. 383.75 on the BSE.

The scrip opened at Rs. 387.00 and has touched a high and low of Rs. 388.60 and Rs. 384.45 respectively. So far 654 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 468.00 on 19-Jun-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. 402.00 and Rs. 381.25 respectively. The current market cap of the company is Rs. 5093.90 crore.

The promoters holding in the company stood at 75.21%, while Institutions and Non-Institutions held 12.76% and 12.03% respectively.

Cochin Shipyard has entered into a Long Term Wage settlement with its workmen which will be effective from April 01, 2017 and valid for 10 years. The earlier wage settlement entered into with the trade unions was valid upto March 31, 2017.

The current settlement has been arrived at after protracted negotiations between the management and the workmen. The company has already catered to the increase in wages in its books of accounts through creation of appropriate provisions.

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.

Cochin Shipyard Share Price

1451.50 -50.90 (-3.39%)
05-Nov-2024 13:07 View Price Chart
Peers
Company Name CMP
Mazagon Dock Ship 4012.50
Cochin Shipyard 1451.50
VMS Industries 48.45
Knowledge Marine & E 1865.00
Laxmipati Engineerin 226.60
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