The stock of Cochin Shipyard Limited has given a bumper return of 104 per cent to investors in the last six months, the stock is still showing signs of bullishness

New Delhi: There are many stocks in the stock market which have given bumper returns to the investors. It is important to invest in stocks at the right time. At the same time, you should also be patient with investing in stocks. If you invest in the right stocks, you are sure to get bumper returns. There are also many stocks that have doubled investors’ money in just a few years. Today we are going to tell you about one such stock, which has given investors a great return of 104 per cent in the last 6 months.

made investors rich
The name of the stock we are talking about is Cochin Shipyard Ltd. The valuation of this company is Rs 8,412.67 crore. Cochin Shipyard Ltd. is a medium-sized company operating in the industrial sector. The company is one of the top 10 public sector undertakings in the country. Right now the firm has released its Q2 results as well as a dividend of Rs 7 per share.

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Company’s profits
The company has announced a net sales of Rs 683.18 crore in Q2FY23 as compared to Rs. The company posted Rs 131.31 crore in Q2FY22 as compared to Rs 112.79 crore in Q2FY23, representing a YoY decline of 14.1%. The company’s EPS stood at Rs 8.57 per share in Q2FY23 as compared to Rs 9.98 per share posted in the year-ago quarter.

ever-increasing share
On Friday, the shares of Cochin Shipyard Ltd had closed at Rs 644.80. It was up 9.90 per cent from its previous close of Rs 586.70. The stock recorded a total volume of 5,405,172 shares in its previous trading session as compared to 20-day average volume of 2,332,735 shares. The stock has gained 16.34 per cent in last five years and 56.84 per cent in last three years. The stock has climbed 73.17 percent over the last year, and on a year-to-date basis, it is up 81.43% in 2022.

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Great returns given to investors
The stock has given a multibagger return of 104.57% during the last six months. It has increased by 23.57% as compared to the previous month. The stock had touched a 52-week high of Rs 654.60 on (11-Nov-2022) and a 52-week low of Rs 280.75 on (08-March-2022). This shows that the stock was seen trading up 129.67 per cent from the low on Friday after hitting a new one-year high.