Sunday, June 23

10 key points you know before investing on Cochin Shipyard’s share

Here are 10 key points to know before investing in Cochin Shipyard’s (CSL) share:

  1. CSL is India’s largest public sector shipyard with a strong presence in shipbuilding and ship repair.
  2. It has a dominant market share in India and caters to clients like the Indian Navy, Coast Guard, international shipping firms etc.
  3. CSL has a consistent track record of profitability, revenue growth and healthy dividends.
  4. The company has a strong order book of over ₹25,000 crore providing good revenue visibility.
  5. CSL is diversifying into new areas like solar PV manufacturing, electric vehicle repair etc. to drive future growth.
  6. The stock has surged over 170% from its IPO price and is trading close to its 52-week high. Valuations seem stretched.
  7. Promoter holding is at 75% leaving low free float and limited trading liquidity in the stock.
  8. Macroeconomic factors like high inflation, rising interest rates could impact future order inflows.
  9. Competition is increasing from private sector shipyards like L&T, Reliance Naval etc.
  10. Government policy support and ‘Make in India’ initiatives help CSL’s prospects but any change could impact performance.

summary:

CSL has performed well fundamentally but its stock may have limited near-term upside from current levels amid high valuations and low liquidity.CSL has robust prospects but valuations and liquidity need consideration before investing.

Here are the key details for Cochin Shipyard’s (CSL) share price today (January 11, 2023):

  • CSL share price today – Rs 1,194
  • Previous close – Rs 1,187
  • Day’s high/low – Rs 1,213 / Rs 1,180
  • Change vs previous close – Up 0.6%
  • 52 week high/low – Rs 1,234 / Rs 332
  • Market capitalization – Rs 9,131 crore
  • Volume traded today – 1.1 lakh shares
  • 1 month return – 14.2%
  • 6 month return – 20.4%
  • 1 year return – 46%

summary:

Cochin Shipyard shares are trading mildly higher today at around Rs 1,194 per share. The stock has generated strong returns over the past year and is trading close to its 52-week high level. However, volume traded remains low. The company recently reported good Q2 results and maintains a healthy order book position.

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(Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)

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