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Govt to sell up to 5.04% stake in Cochin Shipyard through OFS. Check details
The government plans to sell up to 5.04% of Cochin Shipyard shares. This offer for sale begins July 7 for institutional investors. Retail investors can bid on July 8, with a floor price set. A green-shoe option allows for a larger stake sale if demand is strong. This move supports the government's disinvestment program for the fiscal year.
Cochin Shipyard OFS opens July 7; govt offers 2.52% stake at ₹1,400 floor price
Shares of Cochin Shipyard Ltd ended at ₹1,504.75, down by ₹19.00, or 1.25%, on the BSE.
Cochin Shipyard among 3 stocks flashing bullish signals, hinting at a possible uptrend
Three Nifty500 stocks, Cochin Shipyard, Solar Industries India and CreditAccess Grameen, formed the bullish White Marubozu pattern on June 30, signalling strong buying interest and positive momentum for traders.
Cochin Shipyard shares fall 3% amid buzz around OFS at 8% discount
Cochin Shipyard shares dipped Monday following reports of a potential government Offer for Sale (OFS) at a discount. The government, aiming to raise funds, is reportedly planning to sell a stake soon, adding to recent disinvestment activities in other public sector undertakings. Despite a recent stock decline, the company has shown strong long-term returns and improved operational efficiency in its latest earnings report.
Government Denies Reports Of Cochin Shipyard OFS, Says No Stake Sale Planned At Present
Media reports had suggested the Centre could dilute a 6%-8% stake in Cochin Shipyard through an offer for sale to raise more than Rs 16,000 crore.
Cochin Shipyard OFS likely to be launched at 6-8% discount, sources say
According to sources, the OFS could be launched at a discount of around 6-8% to the current market price. The government currently holds a 67.91% stake in Cochin Shipyard.
Motilal Oswal Financial Services among 5 F&O stocks with a sharp rise in futures open interest
Motilal Oswal Financial Services was among five NSE F&O stocks witnessing a sharp rise in futures open interest on June 15. The overall OI increase exceeded 7%, indicating fresh long or short build-up. Other stocks showing notable OI gains included Radico Khaitan, Bajaj Auto, Cochin Shipyard and Tata Power.
Cochin Shipyard among 5 F&O stocks with a sharp rise in futures open interest
Futures open interest in the NSE F&O segment rose sharply on June 11, with five stocks recording over 5% growth. Cochin Shipyard led the list, followed by Max Healthcare, Amber Enterprises, Nuvama Wealth, and Manappuram Finance, indicating fresh position build-up and heightened trading activity in select counters.
Mazagon Dock, Cochin Shipyard to GRSE: Defence Shipbuilding stocks rise amid multi-year growth forecast - Mint
Mazagon Dock, Cochin Shipyard to GRSE: Defence Shipbuilding stocks rise amid multi-year growth forecastMint
Buy, Sell Or Hold: Arvind, Cochin Shipyard, Syrma SGS, Vodafone Idea, EPL, And More — Ask Profit
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Cochin Shipyard to invest in deeptech platform Maritech
Cochin Shipyard has invested 5% in Maritech Integrated Maritime's deeptech platform, Integrated Maritime Exchange (IME), under its USHUS startup program. This initiative aims to bolster India's maritime ecosystem by fostering digital solutions for logistics and port services. The investment aligns with the government's vision for technological advancement in the maritime sector.
Q4 Results Highlights: GE Vernova profit up 88.7%; Subros profit rises 6.8%
Q4 Results Highlights: Earnings stayed in focus with 150+ companies reporting, including IOC, JK Paper and IGL; stocks reacted to Vodafone Idea, Delhivery upgrades and caution on Cochin Shipyard.