Cochin Shipyard Share Price Drops 2.19% Today, Key Support and Resistance Levels Identified
Cochin Shipyard Ltd (NSE: COCHINSHIP), a leading shipbuilding company in India, saw its share price decline by 2.19% on Monday, September 23, 2024, closing at ₹1,820.55. The stock opened at ₹1,688.00 and touched an intraday high of ₹1,860.00 and a low of ₹1,794.00, with a trading volume of 5,800,913 shares.
Main Points
Over the past week, Cochin Shipyard’s share price has decreased by 2.39%. In the last month, the stock has declined by 17.57%, while in the last three months, it has fallen by 9.47%. However, the stock has seen a significant increase of 148.60% in the last six months.
According to the classic pivot point calculation based on the previous trading month’s price range, the key support and resistance levels for Cochin Shipyard this week are:
- R1: ₹1,874.80
- R2: ₹1,999.00
- R3: ₹2,491.00
- PP: ₹1,846.00
- S1: ₹1,798.00
- S2: ₹1,820.90
- S3: ₹435.60
These levels will be crucial in determining the stock’s future direction and potential support or resistance areas.
Cochin Shipyard’s 52-week high stands at ₹2,979.45, while its 52-week low is ₹435.60. The current price of ₹1,820.55 is 38.95% below its 52-week high and 318.29% above its 52-week low.
Cochin Shipyard’s Valuation Metrics
As of September 23, 2024, Cochin Shipyard has a market capitalization of ₹47,895.17 crore. The stock’s price-to-earnings (P/E) ratio is 54.14, and its price-to-book (P/B) ratio is 9.53. The company’s earnings per share (EPS) stands at ₹33.62.
Several factors can influence Cochin Shipyard’s share price, including:
- Financial performance: The company’s profitability, revenue growth, and future prospects play a significant role in determining its share price.
- Industry outlook: The overall health and growth prospects of the shipbuilding and shipping sectors can impact Cochin Shipyard’s share price.
- Government policies: Changes in government policies and regulations related to the shipbuilding industry can affect the company’s operations and share price.
- Investor sentiment: News, analyst opinions, and overall investor sentiment towards the company and the industry can influence its share price.
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.
