This PSU Shipbuilder stock has jumped drastically in the past year. Read More>>
India's pride, Cochin Shipyard, crafts the INS Vikrant, driving its stock up 350% in a year. The stock's current price stands at INR 1,287.45, reflecting a booming defence sector.
Cochin Shipyard, with 50% of India's shipbuilding capacity, aims to expand further and dominate the South Asian market.
As the global shipbuilding market adapts, India eyes a top 10 spot by 2030 in a USD 20 billion industry, currently holding just 1% market share
Cochin Shipyard's unique ability to build indigenous aircraft carriers positions it as a critical player in India's defence expansion.
With a robust order book and notable stock performance, Cochin Shipyard stands out in the Nifty India Defence Index.
Despite high returns, caution is advised as Cochin Shipyard's current PE ratio of 57x overshadows its peers.
IKey investment funds show cautious engagement with Cochin Shipyard amidst its dynamic market performance.