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Cochin Shipyard shares tumble 7% on weak Q2 earnings
GreyOak summary
Cochin Shipyard Ltd shares fell 6.90% to Rs 1,200 following weak Q2 FY27 results where EBITDA margins dropped 250 bps to 4.1% and PAT declined 50% YoY. Despite securing a Rs 500 crore MoD order, the shipbuilding division's muted revenue growth dragged overall performance. Antique Stock Broking cut its target price to Rs 1,407, while Choice Institutional Equities upgraded its rating to 'BUY' with a target of Rs 1,565.
What it affects
- Cochin ShipyardCOCHINSHIPNegative -80
Shares fell 7% on weak Q2 earnings.Rolling sentiment Negative -58
Source
Read the original at Business TodayMore Cochin Shipyard news
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