20% increase in Cochin Shipyard's share price

The 20% increase in Cochin Shipyard’s share price can be attributed to a couple of key developments:

1. **Stock Split Announcement:** Cochin Shipyard announced a stock split, where one equity share of face value Rs 10 each was sub-divided into two equity shares of face value Rs 5 each. This stock split became effective on January 10, 2024. On the ex-date for the stock split, the shares of Cochin Shipyard hit a 20% upper circuit

2. **Performance and Growth Prospects:** Cochin Shipyard has shown strong performance and growth prospects. Over the past five sessions, its stock surged over 26.79%, and over 73% in just a month. Since the beginning of the year, the stock was up over 116% and over 195% in a year. This increase in share price is also due to significant strides made by the company in the shipbuilding industry, securing substantial contracts and expanding its presence in various segments. Recently, Cochin Shipyard bagged a major shipbuilding contract, involving the construction of six Next Generation Missile Vessels (NGMV) for the Indian Navy, boosting its order book value.

3. **Strong Order Book and Contract with Ministry of Defence:** Cochin Shipyard had a shipbuilding order book of Rs 22,000 crore as of September 30 last year. The company also signed a contract worth Rs 488.25 crore with the Ministry of Defence for repair and maintenance of equipment and systems onboard a naval vessel.

These factors combined contributed to the surge in Cochin Shipyard’s share price. The stock split made the shares more accessible to a larger number of investors, while the strong order book and recent contracts underscored the company’s growth potential and stability in the shipbuilding and defense sectors.