look news india
New Delhi: During the last one year, there has been a rapid rise in the share price of Cochin Shipyard. According to Trendline data, the company's share price has increased by 298 percent during this period. On Friday, the company's share price closed at Rs 901.65 with a gain of 0.59 per cent. The company's stock is near its 52-week high.
The price of this multibagger stock has increased by 39 percent during the last 3 months. Therefore, investors who have held shares for six months have made 80 percent profit so far. At such a time, would it be appropriate to bet on Cochin Shipyard or not?
What do experts say
Domestic brokerage firm ICICI Securities has given a buy tag to Cochin Shipyard. Experts have fixed its target price at Rs 1055. The brokerage has given two reasons behind setting this target price. Firstly shipbuilding and ship repairing capability and secondly good order selection.
stock split this year
The company's shares were recently split. The stock has already traded ex-split on BSE on January 10, 2024. Then the company divided one share into two parts. Therefore, on February 12, the company did ex-dividend trade in the stock market. At that time the company had given a dividend of Rs 3.50 per share.
The company's 52-week high level in the stock market is Rs 944.65 and 52-week low is Rs 205 per share. The market cap of the company is Rs 23720.68 crore.
