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Business News/ Markets / Stock Markets/  Cochin Shipyard share price spikes over 18% to 52-week high as stock trades ex-split
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Cochin Shipyard share price spikes over 18% to 52-week high as stock trades ex-split

Cochin Shipyard had fixed Wednesday, January 10, 2024, as the Record Date for the purpose of determining the eligibility of shareholders for sub-division or split of existing one equity share into two equity shares.

Cochin Shipyard shares have rallied more than 45% in the past three months, while the stock is up over 212% in one year. Premium
Cochin Shipyard shares have rallied more than 45% in the past three months, while the stock is up over 212% in one year.

Cochin Shipyard share price spiked over 18% on Wednesday after it turned ex-date for a stock split. Cochin Shipyard shares jumped as much as 18.77% to hit a 52-week high of 794.25 apiece on the BSE.

The state-run shipbuilding company had, in December 2023, announced a sub-division of its equity share from a face value of 10 each to a face value of 5 each. 

Cochin Shipyard had fixed Wednesday, January 10, 2024, as the Record Date for the purpose of determining the eligibility of shareholders for sub-division or split of existing one equity share into two equity shares.

Cochin Shipyard shares have rallied more than 45% in the past three months, while the stock is up over 212% in one year. On Tuesday, Cochin Shipyard stock closed 3% higher.

In December, the company announced the signing of a contract worth 488.25 crore with the Ministry of Defence for repair and maintenance of the equipment and systems onboard the naval vessel. 

At 2:30 pm, Cochin Shipyard shares were trading 18.48% higher at 792.25 apiece on the BSE.

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Published: 10 Jan 2024, 02:32 PM IST
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