Why Is Cochin Shipyard Share Price Rising Today? Defence PSU Stock Jumps 7% Post THIS Big Indian Navy Trigger

Cochin Shipyard Share Price Today: Shares of defence PSU Cochin Shipyard Limited rallied close to 7% after the company bagged a Rs 5,000 crore contract for the Indian Navy. As per the tender, the Kochi-headquartered company will be responsible for construction of 5 next generation survey vessels for the Indian Navy.

Cochin Shipyard shares were trading 5.09% higher at Rs 1534.10 per share on BSE with a market capitalisation of Rs 40,359.22 crore at 10:33 am on Tuesday. The stock had touched an intraday high of Rs 1575 per share, and an intraday low of Rs 1532 per share.

Why Is Cochin Shipyard Share Price Is Rising Today?

The surge in Cochin Shipyard's share price during Tuesday's trading session followed the PSU's announcement that it had secured an order from the Ministry of Defence.

"Cochin Shipyard Limited (CSL) has been declared as L1 in the tender floated by the Ministry of Defence for the construction of 5 nos. of Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value is around Rs. 5,000 crore," noted Cochin Shipyard in its BSE filing on Monday.

The final announcement of the contract will be subject to the satisfactory completion of the necessary formalities.

Cochin Shipyard Share Price Trend

Cochin Shipyard shares opened higher during Tuesday's intraday trading session. The company scrip has touched a 52-week high of Rs 2,547.25 per share on 6 June, 2025. Cochin Shipyard stock had dipped to a 52-week low of Rs 1,180.45 per share on 18 February, 2025. The defence PSU stock value has declined nearly 10.7% in last three months, but has delivered 26.47% returns in one year.

Cochin Shipyard Q3 Result

Cochin Shipyard, owned by the Government of India, reported higher operating revenue for Q3FY26, with income from operations increasing 18% year-on-year to Rs 1,350 crore from Rs 1,148 crore overall.

Despite the stronger topline performance, the shipbuilder's December-quarter consolidated net profit fell 18%, declining to Rs 145 crore compared with Rs 177 crore in the same quarter of the previous financial year.

Disclaimer:The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.