Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The order involves construction of five Next
Generation Survey Vessels or NGSV for the Indian Navy, the Miniratna PSU said
in an exchange filing after market hours a day ago.
·
"We would
like to inform that at the meeting held today (18 Feb) at the Ministry of
Defence, New Delhi, Cochin Shipyard Limited (CSL) has been declared as L1 in
the tender floated by the Ministry of Defence for construction of 5 nos. of
Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total
order value is around Rs 5,000 crore," the filing stated. It added that the final announcement of
the contract will be depend on the satisfactory completion of "necessary
formalities" in this regard, and will be updated in due course.
Cochin Shipyard's stock gained as much as
7.2% to Rs 1,574.5 on the NSE, compared to 0.1% decline in the Nifty 50. The
share price has risen 27% in the last 12 months. The total traded volume so far
in the day stood at 12 times its 30-day average. The relative strength index
was at 52.
Out of the four analysts tracking the
company, two have a 'buy' rating on the stock, and two suggest a 'sell',
according to Bloomberg data. The average of 12-month analyst price targets is
Rs 1,489, which implies a potential downside of 4%.
