As many as 30 mid, smallcap stocks more-than-doubled investors wealth in 2024 as MidCap and SmallCap indices outperformed benchmark Nifty 50 with over 30 per cent gain. Here are stock picks for 2025.
Among SmallCaps - Ramco Systems, Goldiam International, Atul Auto, OM Infra, Black Box, Gallantt Ispat, Cochin Shipyard, Refex Industries and EPACK Durable were locked at the 20% upper limit on BSE.
The Cochin Shipyard scrip soared after the company announced that it has signed a contract of Rs 1,000 crore with the Defence Ministry for short refit and dry docking of a large Indian naval vessel
GRSE, Cochin Shipyard, BDL, BEML, MDL, MIDHANI, BEL and HAL are up in the range of 3% to 10% on the BSE in Tuesday's intra-day trade in otherwise subdued market.
The Cochin Shipyard share rose after the company entered into a Memorandum of Understanding with Seatrium Letourneau for the design and critical equipment for jack-up rigs for the Indian market
Cochin Shipyard has declared an interim dividend of Rs 4 per equity share of Rs 5 each fully paid up (80 per cent) for FY25
Cochin Shipyard, Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders have corrected up to 51% from their respective 52-week highs touched in July 2024.
The government on Thursday said it has received good interest from retail investors in the offer for sale (OFS) of Cochin Shipyard. Through the two-day OFS, the government sold a 5 per cent stake or 1.3 crore shares in Cochin Shipyard. Institutional investors on Wednesday over-subscribed the portion reserved for them. The issue opened for retail investors on Thursday. "The second day of Cochin Shipyard Limited OFS closed with good interest from retail investors. We thank all investors for their participation," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said on X. The share sale is likely to fetch about Rs 2,000 crore to the exchequer. The government currently holds 72.86 per cent of Cochin Shipyard. Shares of Cochin Shipyard closed at Rs 1,559.80, down 1.81 per cent over the previous close on BSE.
Shares of Cochin Shipyard fell as much as 4.90 per cent at Rs 1,590 per share on the BSE in Wednesday's intraday day trade.
The floor price for the sale is 1,540 rupees, an 8% discount to the stock's Tuesday close, the filing showed. At this price, the stake is valued at Rs 2,026 crore ($241.2 million)
Share prices of Cochin Shipyard, Mazagon Dock Shipbuilders, Paras Defence, HAL, Garden Reach Shipbuilders, and Mishra Dhatu Nigam gained up to 3.32 per cent on the BSE
The Defence Acquisition Council (DAC) is likely to discuss proposals of mega projects worth around Rs 1.2 trillion for approval in a meeting scheduled for today.
These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July.
The uptick in the share price came after the company announced a strong set of June quarter of financial year 2025 (Q1FY25) results.
Of these 505 stocks, as many as 83 per cent or 420 stocks belonged to 'XT', 'T', 'X', and 'Z' categories
UCSL, under contract terms, will undertake the design and construction of four 6300 TDW dry cargo vessels, the company said in a statement
The Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of the Cochin Shipyard Limited (CSL), has bagged a Rs 1,100 crore-worth international order for eight 6300 TDW dry cargo vessels. CSL said it has won an international order from Wilson ASA, Norway, for the design and construction of four 6,300 TDW dry cargo vessels. "An agreement has also been entered into for an additional four vessels of the same type, which will be formally contracted within September 19, 2024," a CSL release said. CSL said the new order was a continuation of the contract awarded in June 2023 for the design and construction of six 3800 TDW dry cargo vessels, which are now at advanced levels of construction at the yard at Udupi in Karnataka. "The vessel is of 100 meters length and has a deadweight of 6300 metric tonnes at a design draft of 6.5 metres. The vessels shall be designed by Conoship International, Netherlands, and shall be constructed as an environment-friendly diesel-electric vessel fo