Dividend, Stock Split: Multibagger PSU Defence Co To Declare, Shares Fall 6% In 2-Weeks

Mid cap Defence sector public sector undertaking, Cochin Shipyard Ltd on Friday announced that a meeting of Board Of Directors will be held on November 7 to consider and approve Q2 financial year 2023-24 results, interim dividend, and sub-division of shares.

Last trading price of Cochin Shipyard share on BSE is Rs 1005.45 per share with intraday fall of 1.78% as on October 20, 2023. Cochin Shipyard shares gained 105% in last 6-months and offered shareholders return of 90% year-to-date. Check details below:

Cochin Shipyard To Consider Q2 Financial Results, Interim Dividend, & Stock Split: According to the BSE filing of the company announced on October 20, 2023, "Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, November 07, 2023 to inter alia

(a) consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and half year ended September 30, 2023;

(b) consider the declaration of interim dividend to the equity shareholders of the Company for the financial year 2023-24; and

(c) consider the sub-division/ split of equity shares of the Company pursuant to the provisions of Section 61(1)(d) of the Companies Act, 2013.

Cochin Shipyard Stock Outlook & Return Over Years: Last trading price of Cochin Shipyard share on BSE is Rs 1005.45 apiece. The stock's 52-week high price is Rs 1258.00 per share and 52-week low price is Rs 411.00 per share, respectively. The company has a market capitalisation of Rs 13,225.73 crore. Cochin Shipyard shares fell 6% in last 2-weeks, gained 50% in last 3-months, soared 90% in last 1-year, jumped 178% in last 2-years, and rose 214% in last 3-years.

Cochin Shipyard Financials: The renowned shipbuilding and repair yards company for the quarter ended June 30, 2023 announced a surge of 135% YoY in its consolidated net profit to Rs 98.65 crore as against Rs 42 crore in the corresponding period of last year. Revenue from operations soared 7.9% YoY to Rs 475.9 crore for the quarter under consideration as against Rs 440.9 crore in the year-ago period.

About: Cochin Shipyard was incorporated in the year 1972 as a fully owned Govt of India company. In the last three decades the company has emerged as a forerunner in the Indian Shipbuilding & Ship repair industry. This yard can build and repair the largest vessels in India. It can build ships up to 1,10,000 DWT and repair ships up to 1,25,000 DWT. The yard has delivered two of India's largest double hull Aframax tankers each of 95,000 DWT, according to its official website.

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