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Cochin Shipyard inches up on acquiring 26% stake in HCSL

04 Nov 2019 Evaluate

Cochin Shipyard is currently trading at Rs. 414.30, up by 4.80 points or 1.17% from its previous closing  of Rs. 409.50 on the BSE.

The scrip opened at Rs. 410.00 and has touched a high and low of Rs. 417.10 and Rs. 410.00 respectively. So far 3708 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 420.20 on 01-Nov-2019 and a 52 week low of Rs. 320.15 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 420.20 and Rs. 379.35 respectively. The current market cap of the company is Rs. 5386.58 crore.

The promoters holding in the company stood at 75.21%, while Institutions and Non-Institutions held 13.91% and 10.87% respectively.

Cochin Shipyard (CSL) has acquired 57.20 lakh equity shares (26%) of Hooghly Cochin Shipyard (HCSL), an unlisted subsidiary of CSL, held by Hooghly Dock & Port Engineers (HDPEL) on November 01, 2019 at total consideration of Rs 5.06 crore. Prior to this acquisition of shares, CSL was holding 74% of the equity shares of HCSL. With this acquisition of shares, HCSL has become a wholly owned subsidiary of CSL with a paid up share capital of Rs 22 crore.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector.

Cochin Shipyard Share Price

1561.45 65.95 (4.41%)
17-Apr-2026 16:59 View Price Chart
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