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Company updateBusiness Today

Antique cuts Cochin Shipyard target to Rs 1,407

Negative-17

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Antique Stock Broking cut its target price for Cochin Shipyard Ltd to Rs 1,407 from Rs 1,671, citing weak execution and elevated valuations. The brokerage retained a 'Hold' rating after the company reported a sharp miss in EBITDA and profit for the September quarter.

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