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Big-ticket defence orders to aid Cochin Shipyard's smooth sail
Mint Mumbai
|November 24, 2023
Cochin Shipyard Ltd has been able to successfully ride the recent traction in defence stocks, gaining 108% over the past six months. A healthy order pipeline and better-than-anticipated Ebitda margin in the first half of FY24 has further fuelled sentiment for the stock. The growth trajectory of the state-owned shipbuilder hinges on defence orders, especially those from the Indian Navy.
This story is from the November 24, 2023 edition of Mint Mumbai.
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