ship As soon as the market opened today, the shares of the government company Cochin Shipyard hit the upper circuit. As soon as trading started on Monday, investors rushed to buy shares of Cochin Shipyard and it hit the upper circuit at 09.21 am i.e. just 6 minutes after the market opened. Today is the 7th consecutive day when the company's shares have closed with gains. Let us tell you that the Defense Ministry had signed a contract with Cochin Shipyard on November 30 for Short Refit and Dry Docking (SRDD) of Vikramaditya. The value of this contract is Rs 1207.5 crore. Since this deal with the Defense Ministry, the shares of the company have continued to rise.
The company's shares opened with a big gain on Monday.
Last week on Friday, the shares of the company, which had closed at a price of Rs 1576.95, opened today with a huge rise at a price of Rs 1630.00. Within a few minutes of the start of trading, the company's shares had reached an intraday low of Rs 1611.05 and then at 9.21 pm, the company's shares reached the upper circuit with a rise of 5 percent to Rs 1655.75. However, despite the continuous rise for 7 consecutive days, the company's share price is still far below its 52 week high.
Cochin Shipyard's share price increased by 183.88 percent in the last 1 year
According to BSE data, the 52 week high of shares of the government company is Rs 2977.10. 52 week low of this share is Rs 577.88. This clearly shows how much the company's shares have fluctuated in the last one year. According to the official data of BSE, the price of this government share has fallen by 21.44 percent in the last 1 week, 27.34 percent in the last 2 weeks, 8.63 percent in the last 1 month, -10.54 percent in the last 3 months, -14.99 percent in the last 6 months and A growth of 183.88 percent has been recorded in the last one year.
Image Credit: India-Tv.