Cochin Shipyard Ltd News Today

Defence stocks witnessed a rally despite a dim market sentiment, adding over 1% in Nifty India Defence index. This marks a third straight session of gains.

The contract is a milestone in the collaboration between Cochin Shipyard and the Indian Navy which is a part of the Defence Ministry's initiative of ‘Make in India.’

The MoU underlines major areas of collaboration that includes technical expertise sharing to achieve global standards in ship maintenance.

At the operational level, EBITDA fell 23.4% YoY to ₹237.4 crore from ₹310.1 crore in Q3 FY24.

The new order brings the total tug orders for Adani Ports to 13, aimed at modernizing the fleet to ensure efficient and reliable port operations.

The Memorandum of Understanding primarily pertains to designing as well as delivering critical equipment for jack-up rigs customized for the Indian market.

The company declared an interim dividend of ₹4 per equity share (80%) for FY25, with a record date set for November 20, 2024, and payment expected by December 6, 2024.

As of September 30, the company has an order book of ₹22,500 Crore and an order pipeline for shipbuilding projects of ₹7,820 Crore.

Here are some of the stocks that may see significant price movement today: Cochin Shipyard, Rallis India, G R Infraprojects, etc.