The shares of Cochin Shipyard and Rama Steel Tubes saw a huge jump on Thursday. The stock of Cochin Shipyard was trading at a rise of 13.19 percent at around 3:20 pm. The company’s share price then reached Rs 2361.90. At the end of the session, Cochin Shipyard’s stock closed at Rs 2350.30 with a rise of 12.52 percent. So far, more than 1.5 crore shares of the company were involved in active business. This is about 2 times more than its 10-day average volume. In recent times, there has been a tremendous jump in defense stock. Talking about the last one month, it has recorded an increase of more than 50 percent.
Why shares of Cochin Shipyard climbed
Experts believe that the expectation of order is a major reason for the geopolitical tension behind the rise in the shares of Cochin Shipyard. According to the news of Moneycontrol, it is currently trading at the P/E ratio of 66.35. Let me tell you, Cochin Shipyard had obtained a standalone net profit of Rs 285 crore for the fourth quarter of FY 2025. This reflects an increase of about 8 percent from a net profit of Rs 265 crore recorded in the same period of the last financial year.
Shares of Rama Steel Tubes also rise
Shares of Rama Steel Tubes also performed vigorously in Thursday’s trading. The share price of Rama Steel Tubes on BSE Sensex closed at Rs 13.21 at the end of trading with a big jump of 12.91 percent. Rama Steel Tubes Limited has invested in renewable energy through a 10% stake in the 225 MW solar project under the PM Kusum Yojana.
The company’s shares have also got support from this today. PPA has been done at the rate of 3.1/units for 25 years with MSEDCL for this project in Maharashtra. This ensures stable returns. If we look at the company’s previous performance, the share price has gained 19.01 percent in the last one week. Similarly, 32.40 percent returns have been given in a month. 32.86 percent returns have been given in three months.
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