Cochin Shipyard shares have delivered multibagger returns of nearly 300% in the past 12 months and have outperformed Nifty which itself has given returns of over 27% during this period. The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs).
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.
Cochin Shipyard Shares Price: This is part of the Government s plans to strategically bolster India s maritime capabilities, encompassing ports, shipping, and waterways, The Economic Times reported.
Shares of PSU defense stock Cochin Shipyard, has gone up nearly three times in the last one year and it traded ex-split on Tuesday.Today s price action has dragged the stock in a strongly overbought zone with momentum indicator MFI hovering near 88 mark while RSI around 76 according to Trendlyne data.