Company Profile

Cochin Shipyard (CSL) has bagged a large order from a European Client, for the design and construction of a Hybrid Service Operation Vessel (Hybrid SOV) with an option for two more such vessels. The vessel is equipped with hybrid battery systems to improve the energy efficiency and reduce the carbon foot prints. 

The vessel is designed and built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand. The project is expected to be completed by the end 2026.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.

Cochin Shipyard is currently trading at Rs. 1251.25, up by 56.25 points or 4.71% from its previous closing of Rs. 1195.00 on the BSE.

The scrip opened at Rs. 1238.65 and has touched a high and low of Rs. 1278.70 and Rs. 1238.65 respectively. So far 16544 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1378.95 on 30-Apr-2024 and a 52 week low of Rs. 234.53 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 1304.65 and Rs. 1169.00 respectively. The current market cap of the company is Rs. 31438.15 crore.

The promoters holding in the company stood at 72.86%, while Institutions and Non-Institutions held 7.67% and 19.47% respectively.

Cochin Shipyard (CSL) has bagged a large order from a European Client, for the design and construction of a Hybrid Service Operation Vessel (Hybrid SOV) with an option for two more such vessels. The vessel is equipped with hybrid battery systems to improve the energy efficiency and reduce the carbon foot prints. 

The vessel is designed and built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand. The project is expected to be completed by the end 2026.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.

Cochin Shipyard (CSL) has bagged a large order from a European Client, for the design and construction of a Hybrid Service Operation Vessel (Hybrid SOV) with an option for two more such vessels. The vessel is equipped with hybrid battery systems to improve the energy efficiency and reduce the carbon foot prints. The vessel is designed and built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand. The project is expected to be completed by the end 2026.

Ashiana Housing has raised Rs 125 crore through the allotment of 12,500 Secured, Rated, Listed, Senior Redeemable, Taxable, Non-Convertible Debentures (NCDs) on Private Placement basis. The Executive Committee of Board of Directors of the company (through Resolution by Circulation) on May 13, 2024, has allotted the same. 

Coromandel International’s wholly owned subsidiary-- Coromandel Technology has executed agreements to acquire additional shareholding in Dhaksha Unmanned Systems (Dhaksha) at a consideration of Rs 149.98 crore. Post completion of the above transactions, the company, through its wholly owned subsidiary, Coromandel Technology, will increase its equity stake in Dhaksha from existing 51.02% to 58.01%.

Hero MotoCorp has joined the ONDC Network, thereby becoming the first auto company in the country to join the network. Hero MotoCorp already has the largest physical distribution and service network in Indian Auto Industry. Partnering with ONDC will further enhance the reach and convenience, providing an easily accessible digital mode to customers. The Open Network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover Hero Genuine Parts by using any buyer apps on the Network, such as Paytm and Mystore, among others.

In line with its commitment towards offering sustainable mobility solutions and enabling customers with the power of choice, TVS Motor Company has launched a new variant of the TVS iQube with 2.2 kWh battery. Simultaneously, the company is ready to deliver TVS iQube ST to customers, starting May 13, 2024. The TVS iQube ST will now come in two variants, 3.4 kWh and 5.1 kWh, that being the largest battery pack in the segment. With this, the TVS iQube series now offers an array of five variants available in vibrant 11 colours, making this one of the largest and most attractive EV portfolios in the market.

Karur Vysya Bank has reported 35.01% rise in its net profit at Rs 456.10 crore for the quarter ended March 31, 2024 as compared to Rs 337.82 crore for the same quarter in the previous year. Total income of the bank increased by 29.70% at Rs 2,813.42 crore for Q4FY24 as compared Rs 2,169.13 crore for the corresponding quarter previous year.

Tata Consultancy Services (TCS) has announced the creation of a Global Artificial Intelligence (AI) Center of Excellence in Paris. The new AI center will be based in the upcoming TCS PacePort in the La Défense area of Paris, which will be inaugurated in June 2024, becoming the 7th such facility in TCS’ global Pace network, following Amsterdam, London, New York, Pittsburgh, Toronto, and Tokyo. The TCS AI Center of Excellence in Paris will leverage TCS’ global ecosystem of startups, academia, and research organizations to bring the best of global capabilities to French companies. The new center will join France’s growing AI ecosystem and tap into its deep talent base in design and engineering, to build advanced technologies in the space of human-centric AI. It will focus on pushing the boundaries of how AI can be designed and evolved to address business efficiencies and societal priorities. The impact areas shall include some of the key priorities listed in France’s National Strategy for AI, as part of the France 2030 plan.

Cochin Shipyard is currently trading at Rs. 1150.30, up by 69.65 points or 6.45% from its previous closing of Rs. 1080.65 on the BSE.

The scrip opened at Rs. 1104.95 and has touched a high and low of Rs. 1154.55 and Rs. 1104.95 respectively. So far 213939 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,160.90 on 05-Apr-2024 and a 52 week low of Rs. 234.53 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 1160.90 and Rs. 885.40 respectively. The current market cap of the company is Rs. 30114.86 crore.

The promoters holding in the company stood at 72.86%, while Institutions and Non-Institutions held 6.30% and 20.84% respectively.

Cochin Shipyard (CSL) has signed the Master Shipyard Repair Agreement (MSRA) with United States Navy. The MSRA is a non-financial agreement and is effective from April 05, 2024. This will facilitate repair of US Naval vessels under Military Sealift Command in CSL. 

The company has been qualified for entering into the Master Shipyard Repair Agreement after a detailed evaluation process and capability assessment by the US Navy - Military Sealift Command.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.

Tata Steel's Indian business has registered 4.47% rise in output at 5.38 million tons (MT) in Q4FY24 as compared to 5.15 MT it had produced during Q4FY23. Its deliveries report marginal rise to 5.41 MT in the Q4FY24 period from 5.15 MT a year ago. In full year, its production stood at 20.76 MT, while deliveries stood at 19.90 MT. 

Titan Company has registered a revenue growth of 17% Year-on-Year (Y-o-Y) in Q4FY24. A total of 86 stores (net) were added in the quarter. The retail network presence stands at 3,035 stores. Its Jewellery domestic operations grew 19% YoY led by both buyers and same store sales clocking healthy double digit growths. Growth was similar across gold (plain) and studded segments. Tanishq added a new store in Dubai and Chicago (USA) during the quarter. Of the 27 new store additions (net) in India, 11 stores were added in Tanishq and 16 stores were added in Mia.

Vodafone Idea’s board has approved issuance of up to 139.54 crore equity shares at Rs. 14.87 each, aggregating to Rs 2,075 crore to Oriana Investments. The Board also approved an increase in Authorised share capital of the company from Rs 75,000 crore to reference to Rs 1 lakh crore.

Mahindra EPC Irrigation has been awarded contracts worth around Rs 13.2 crore. The contract is for supply of Micro Irrigation Systems. The order is to be executed within 12 months. 

JSW Energy has raised Rs 5,000 crore through Qualified Institutions Placement (QIP). The company has raised fund by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. The proceeds from the QIP will further bolster its capital structure, enhance financial flexibility and enable the company to accelerate its ambitious growth plans. The QIP witnessed more than 3.2 times subscription. 

Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has entered into Share Purchase Agreement (SPA), Deed of Accession (DOA) and Power Purchase Agreement (PPA) on April 5, 2024, to acquire 18.13% of equity share capital of O2 Renewable Energy V, consisting of 68,99,293 equity shares around to Rs 7.80 crore in one or more tranches to source wind power as a captive consumer for a capacity upto 11 MW located in the State of Karnataka.

Cochin Shipyard (CSL) has signed the Master Shipyard Repair Agreement (MSRA) with United States Navy. The MSRA is a non-financial agreement and is effective from April 05, 2024. This will facilitate repair of US Naval vessels under Military Sealift Command in CSL.