Cochin Shipyard Shares Surge to 9-Week High
Cochin Shipyard, a prominent player in India’s shipbuilding and repair sector, has witnessed a significant uptick in its stock value, rising by 2.5% during Tuesday’s trading session on September 16. This increase brings the share price to ₹1,853, marking a notable 14% gain over the past five days. Despite this resurgence, the stock remains 28% below its peak of ₹2,545 reached in June 2025, although analysts suggest a potential for further growth.
Market Analysis and Projections
After experiencing a two-month decline, Cochin Shipyard’s stock has shown resilience, finding support near its 200-day exponential moving average (DEMA) and 200-day simple moving average (DSMA). According to a recent report from domestic brokerage firm Anand Rathi, the stock is currently forming a “triple bottom” pattern around the 1,600 level, indicating a potential for upward movement. The report highlights that the stock has broken out of a bullish inverse head and shoulders pattern, which is a positive sign for investors.
Anand Rathi has advised traders to consider accumulating shares within the price range of ₹1,820 to ₹1,780, with an upside target of ₹2,200. The brokerage has also set a stop-loss at ₹1,600 per share, suggesting a potential 22% upside from the current closing price. This optimistic outlook is based on the stock’s recent performance and technical indicators, which point to a strengthening market position.
Marine pilots “work to rule” to hit ship movements in Cochin Port
Cochin Shipyard’s Business Overview
Cochin Shipyard is renowned for its expertise in constructing a diverse array of vessels, as well as providing repair and refit services for various types of ships. The company has developed a strong reputation in the industry, handling everything from bulk carriers to advanced vessels like Platform Supply Vessels and Anchor Handling Tug Supply Vessels. Currently, Cochin Shipyard boasts a robust order book valued at ₹21,100 crore, which includes ₹1,500 crore in repair orders and ₹19,600 crore in shipbuilding contracts across 75 vessels.
Recently, the company secured new contracts for two 70-ton bollard pull tugs and a luxury river cruise vessel. Additionally, Cochin Shipyard has entered into strategic memorandums of understanding (MoUs) with Drydocks World UAE and HD KSOE South Korea. For the fiscal year 2026, the company has set ambitious targets, aiming for a revenue growth of 14-15% and a profit after tax (PAT) margin of approximately 15%.
