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Cochin Shipyard shares rally 20% to hit one-year high; time to book profit or more upside ahead?

Cochin Shipyard share price: The counter zoomed 20 per cent to hit a 52-week high of Rs 1,146.15 against its previous close of Rs 955.15. Cochin Shipyard has declared a final dividend of Rs 3 for the financial year 2022-23 (FY23) and the stock would trade ex-dividend on September 21, 2023.

Cochin Shipyard shares climbed 40% in 3 days Here s why

LKP Securities had on August 14 suggested a price target of Rs 680 on the stock, followed by Rs 710 with a time horizon of 3-6 months. It had advised traders to buy the stock in the Rs 590-Rs 610 range.

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