Cochin Shipyard’s stock price rose by over 3% on Thursday morning, May 15, ahead of its March quarter (Q4) results announcement later today. This is the fifth day in a row that the stock has gone up. At 9:25 am, the stock was trading at ₹1,773 per share.
The company is also expected to announce a dividend for the financial year 2024–25 along with the Q4 results. In a statement made on May 9, Cochin Shipyard said that its Board of Directors will meet on May 15 to:
- Approve the audited financial results for the quarter and year ending March 31, 2025.
- Decide on the final dividend for shareholders.
The company also mentioned that its trading window (a period during which company insiders are not allowed to buy or sell shares) has been closed since April 1 and will remain shut until 48 hours after the results are announced.
Also See: Dollar Industries Has Announced a 14% YoY Drop in Q4 Profit to ₹29.2 Cr; Shares Have Fallen 4.5%
What to Expect from Q4 Results?
Analysts from Kotak Institutional Equities expect strong Q4 performance from Cochin Shipyard. They predict:
- Revenue: ₹1,702 crore, up 39% from ₹1,226 crore last year.
- Net Profit: ₹273.60 crore, up 4% from ₹264.70 crore last year.
- EBITDA Margin: 21.8%, supported by the ship repair business and key defence projects like the ASW Corvette and NGMV.
Should You Buy the Stock?
Technical analyst Riyank Arora from Mehta Equities says the stock has broken out of a sideways trading pattern and is showing a strong upward trend.
- The stock crossed the ₹1,734 mark with high trading volumes, indicating buying interest.
- As long as it stays above ₹1,730–₹1,735, the outlook remains positive.
- Near-term price targets could be ₹1,850 and ₹1,920.
- Arora suggests buying the stock if it dips to ₹1,740–₹1,750, with a stop-loss at ₹1,700.
Also Read: Breaking: eClerx Shares Soar 11.4% to ₹3,061 Following Robust Q4 Earnings!
Disclaimer: This article is for informational purposes only and not financial advice. Please do your own research and consult a financial advisor before making any investment decisions.
