Stock in Focus: This mid-cap company receives an order worth Rs 9,804.98 crore!
The stock has a PE of 10.58x whereas the sectoral PE is 32.4x.
Cochin Shipyard Ltd informed that the contract for the construction of said vessels has been signed between Cochin Shipyard Limited (CSL) and the Ministry of Defence (MOD) in New Delhi for a total contract price of Rs 9,804.98 crore. The first vessel is to be delivered in 48 months and the last vessel is to be delivered within 108 months.
On Friday, shares of CSL surged 3.59 per cent to Rs 475.80 per share with an intraday high of Rs 496.10 and a low of Rs 472. The stock has a 52-week high of Rs 686.60 and a 52-week low of Rs 290.50.
Cochin Shipyard Ltd (CSL) is a leading player in the construction of all kinds of vessels, repairs and refits of all types of vessels including periodic upgradation and life extension of ships. Today, shares of the company saw a spurt in volume by more than 2.48 times on BSE.
When it comes to the financials, CSL has a market cap of Rs 6,258.69 crore. The company reported positive numbers in its Quarterly Results and annual results. The stock has a PE of 10.58x whereas the sectoral PE is 32.4x.
The stock is up by 68.77 per cent in just 1 year and over 106 per cent in 3 years. This Mid-Cap multibagger stock should be kept under the watchlist.