Cochin Shipyard shares hit a fresh high of Rs 944.65 , rising 7.62% against the previous close of Rs 877.70 on BSE. Market cap of the defence stock climbed to Rs 23,845 crore.
Cochin Shipyard stock has surged over 250 percent in the last one year, outperforming benchmark Nifty 50 which has risen 22 percent during this period.