Cochin Shipyard shares gained 11% to Rs 1225 against the previous close of Rs 1105.15 on BSE. Market cap of the defence stock climbed to Rs 32,049 crore.
Cochin Shipyard shares gained nearly 5% to Rs 1135.55 against the previous close of Rs 1080.65 on BSE. Market cap of the defence stock climbed to Rs 29,825 crore.
Mazagon Dock vs Cochin Shipyard shares: Shares of Mazagon Dock Ltd and Cochin Shipyard Ltd are among the most sought after stocks in the defence sector. Both scrips have delivered multibagger returns in a year reflecting stellar investor interest during the period. While Mazagon Dock stock rallied 234%, shares of Cochin Shipyard shares rose 344% in a year.
Multibagger defence stock Cochin Shipyard Ltd has delivered 319% returns in a year. Shares of Cochin Shipyard, which ended at Rs 208.1 on March 28 last year closed at Rs 871.75 in the previous session. However, the stock has corrected nearly 8% from its record high of Rs 944.65 touched on January 31 this year.
Cochin Shipyard shares rose 4.24% to Rs 890 against the previous close of Rs 853.75 on BSE. Market cap of the defence stock climbed to Rs 23,216 crore.