Cochin Shipyard’s shares slumped more than 7% to an intraday low of Rs 2,121 from its previous close of Rs 2,290.45. However, the company’s shares rose 2% to Rs 2,338, intraday.
In the last five days, the stock has drowned around 14% and almost 19% in the past month. However, the stock has given a return of more than 161% in the past six months. Cochin Shipyard raised the investors’ wealth by over 590% in the last year. To look at the long term, the stock has risen 13 times in the past five years.
To compare, the benchmark index Nifty 50 has fallen more than 3% in the past five days. The index erased 0.2% of investors’ wealth in the last one month. Meanwhile, it has raised its value by 11% in the past six months and 24% in the last year. Looking at the long term, the index has risen more than 118% in the past five years.
The company is expected to release its Q1 results for FY25 on August 08. In the previous quarter, the company’s net profit jumped 560% on year to Rs 258.9 crore in Q4 FY24, against Rs 39.3 crore it reported in Q4 of FY23. The company’s revenue from operations grew 115% to Rs 1,286 in Q4 of FY24 in comparison to Rs 600 crore it reported in the same period last year.