Shares of Cochin Shipyard Ltd. soared as much as 12.85% in Friday’s trading session, reaching Rs 2,045 apiece — their highest level since August 28, 2024 — following the company’s robust financial performance for the fourth quarter of fiscal 2025. The stock later trimmed gains, trading 12.25% higher at Rs 2,034 as of 10:28 a.m., even as the NSE Nifty 50 Index slipped 0.27%.
The rally was driven by strong investor sentiment in defence stocks, buoyed further by a bullish Jefferies report on the sector. Cochin Shipyard reported growth in both net profit and revenue for Q4, though margins saw some contraction.
The stock has delivered impressive returns, gaining 32.33% year-to-date and 51.34% over the past 12 months. Trading volume spiked significantly, reaching 13 times its 30-day average, while the Relative Strength Index (RSI) stood at 79.47, indicating strong momentum.