Cochin Shipyard Share Price bullish till Rs 2027, know what could be the right entry price
Cochin Shipyard, a leading shipbuilding company in India, has seen a decline in its stock price by -3.08% on September 19, 2024. The stock’s performance today has been in line with the sector, but it has been on a consecutive fall for the last 4 days, resulting in a -7.95% loss in returns during this period.
The stock also touched an intraday low of Rs 1665, a decrease of -3.51%. While the stock’s moving averages are higher than the 200 day moving average, they are lower than the 5 day, 20 day, 50 day, and 100 day moving averages, indicating a mixed trend in the stock’s performance.
In the shipbuilding industry, Cochin Shipyard’s stock has fallen by -3.28%, reflecting the overall trend in the sector. Comparing the stock’s performance to the Sensex, Cochin Shipyard has seen a -3.16% decline in the last 1 day, while the Sensex has shown a positive growth of 0.55%. In the last 1 month, the stock has seen a -22.44% decrease, while the Sensex has shown a growth of 3.70%.
Cochin Shipyard Share Price and Key Metrics
As on 19 Sep, 2024, 03:59 PM IST, Cochin Shipyard share price was down by 2.75% basis the previous closing price of Rs 1,725.7. The company’s key metrics are:
- PE Ratio(x): 55.64
- EPS – TTM(₹): 32.65
- Dividend Yield(%): 0.54
- VWAP(₹): 1,828.31
- PB Ratio(x): 9.53
- MCap(₹ Cr.): 47,687.34
- Face Value(₹): 5.00
- BV/Share(₹): 190.18
- Sectoral MCap Rank: 4
- 52W H/L(₹): 2,979.45 / 435.60
Cochin Shipyard Dividend and Ex-Dividend Date
Cochin Shipyard has declared a dividend of Rs 2.25 per share earlier in the month of May while declaring its results for the fourth quarter ended March 2024. The board has fixed September 23 as the record date for the purpose.
In the past 12 months, Cochin Shipyard has declared dividends equivalent to Rs 14.50 per share and at the market price of Rs 1,686, the company’s dividend yield is 0.86%.
Analysts’ Recommendations for Cochin Shipyard
While Cochin Shipyard is a largecap company, its recent performance has not been as strong as the overall market. Investors are advised to hold their positions and monitor the stock’s performance closely.
According to 2 analysts rating, Cochin Shipyard Ltd target price is ₹897.5, a slight downside of -50.40 percent compared to current price of ₹1816.8. Brokerage firms have fully reduced the targets day by day, making it like a falling knife
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
