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
Here is the complete list of stocks that will remain in the spotlight during trading sessions following their dividend announcements to shareholders as they go ex-date on Tuesday, November 19, 2024
The government has raised Rs 3,449 crore through offer-for-sale (OFS) in Hindustan Zinc Ltd by selling about 1.6 per cent stake. Through the two-day OFS on November 6-7, the government had proposed to sell over 5.28 crore shares, or 1.25 per cent stake, with a greenshoe option to retain additional subscriptions of a similar amount. As per the official data, the government has raised Rs 3,449.18 crore from the OFS. On the first day of the share sale offer on November 6, the institutional investors had placed bids for close to Rs 3,400 crore shares or about 1.58 per cent stake. Retail investors' demand was somewhat muted on November 7. The government, which held a 29.54 per cent stake in HZL before the OFS, is the largest minority shareholder in the Vedanta Group firm. The proceeds from the HZL stake sale helped to increase the disinvestment coffers of the government. In the current fiscal so far, Rs 8,625 crore has been mopped up through minority stake sales by the government. Th
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
Stocks to watch, November 8, 2024: Cochin Shipyard reported a Q2FY25 net profit of Rs 193 crore, which is slightly lower than Rs 200 crore in the same period last year
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.
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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)
The Indian Navy will get two nuclear-powered attack submarines, which will boost its underwater deterrence capabilities manifold in the Indian Ocean Region.
According to experts, interest in defence stocks likely went up as the correction eased valuations to an extent. The buoyant sentiment in the equity market also boosted buying in the sector
The uptick in the stock price is attributed to investors rushing to counter as the company's shares will trade ex-dividend date on Monday, September 23, 2024
Here's the complete list of stocks that will trade ex-date next week for dividends, bonus issues, or stock splits
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.