India’s largest state-owned shipbuilder, Cochin Shipyard Limited (CSL), and HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the shipbuilding division of South Korea’s HD Hyundai, have signed a memorandum of understanding (MoU) to jointly expand their global footprint and boost India’s shipbuilding capacity, The Korea Herald reported. As per The Korea herald’s report, the strategic…
Defence stocks, BHEL, Cochin Shipyard: Defence-linked stocks surged on Tuesday amid reports that the Defence Acquisition Council (DAC) is likely to approve emergency defence procurement worth Rs 75,000 crore this week. Key deals could include orders for Quick Reaction Surface-to-Air Missiles (QRSAM) and mine sweepers, with major public-sector beneficiaries including Bharat Electronics (BEL), Bharat Dynamics…
Shipping corporation, GRSE, BEL, HAL shares climb more than 10%; geopolitical tensions continue to lift defence stocks? Source link
Shares of Cochin Shipyard Ltd. surged over 8 per cent in intraday trade on June 6, touching a 10-month high of Rs 2,545 apiece, driven by robust trading volumes and continued investor interest in defence stocks following heightened geopolitical tensions. The defence PSU has gained significant momentum after the Pahalgam terror attack and subsequent military operations,…
Defence shares on Dalal Street continued their relentless march on May 19, the seventh straight day of gains as investor confidence remained strong. Leaders such as Mazagon Dock Shipbuilders, Bharat Electronics Limited (BEL), and Bharat Dynamics reached new all-time highs as hopes of higher defence spending by the government and improved quarterly numbers fueled them. Defence index gains 24% in seven sessions The Nifty Defence index jumped almost 3 per cent on Monday to a high of 8,555, marking an extension of its great run that has now yielded a total 24 per cent return since the early weeks of May. Such sudden momentum is a vote of confidence in…
​Cochin Shipyard, the PSU shipbuilding giant, reported a strong performance for the March quarter (Q4FY25), with consolidated net profit climbing 11 per cent year-on-year to Rs 287 crore. Revenue surged 37 per cent YoY to Rs 1,758 crore, compared to Rs 1,286 crore in the same quarter last year. The robust topline growth reflects strong…