This Government Share Surges After ₹5,000 Crore Order Win — Should You Add It to Your Watchlist?

The Indian stock market is in turmoil. One day the market is rising slightly, the next day it is falling! However, even in this bad market, a defense sector stock is making its positive presence known. The name of this stock is Cochin Shipyard. The price of this stock has started increasing rapidly.

Why is the price increasing?

As far as the news goes, this company has got a deal of Rs 5,000 crore. And after that news broke, the price of this stock has started increasing rapidly. Today, as soon as the market opened, it started 6 percent higher. As a result, investors are making a lot of profit.

Where did the company get the order from?

The big stock of the defense sector is Cochin Shipyard. It is a government company. It gets regular orders from the Indian Navy. That is why investors are keeping an eye on this stock.

As far as the news goes, an order has been placed by Polestar Maritime Limited to build two 60-ton green tugs under the government’s Green Tug Transition Program.

How much is the order?

Cochin Shipyard Company informed the stock market about this after the market closed on Monday. It has been informed that the Ministry of Defense has ordered the construction of 5 Next Gen Survey Vessels. The value of this order may be Rs 5,000 crore. And the share price is increasing on that news.

The price of its shares has increased

And investors in this company are happy after this news came to the fore. On Monday, the stock price of Cochin Shipyard was Rs 1,475.50. And today, after the market opened, it reached Rs 1,574.50. That is, the price increased by 6 percent.

The company’s market capitalization increased on this day. The previous day, the market cap of this company was Rs 38,610. And today it has reached Rs 40,800 crore.

The share price has increased 8 times in 5 years. The price has reached Rs 181 to Rs 1,400 in the last 5 years. That is, the price has increased by 712.54 percent in 5 years. So many people are now keeping an eye on this stock.

Note: Do not buy or invest in stocks after reading this article. This is for informational and educational purposes only. Before making any decision, seek expert advice. Also, do your own research. Only then invest in stocks.