Cochin Shipyard shares rally 5% on securing Rs 1,000 crore Defence Ministry contract

Cochin Shipyard share price: Cochin Shipyard shares surged 5% to Rs 1655.75 after the company secured a Rs 1,000 crore contract with the Ministry of Defence for refitting and dry docking a large Indian Naval Vessel. They reported a 4% YoY increase in net profit at Rs 189 crore for Q2 FY25. Revenue rose 13% to Rs 1,143.2 crore.