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.
Shares of Cochin Shipyard Ltd were trading in the overbought zone even as the defence stock climbed 8.27% to record high of Rs 1170.05 in the afternoon session on Monday.
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.