Cochin Shipyard’s shares will be in focus after its subsidiary Hooghly CSL secured a Rs 100–250 crore order to build luxury cruise vessels for Antara River Cruises. While Q4 profit rose 10.8% YoY, margins contracted sharply. Despite bullish technical indicators, analysts remain cautious, with a ‘Hold’ rating and a 40% downside implied from the average target price.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets