trending stock, Cochin Shipyard share became the top trending stock for investors – top trending stock cochin shipyard

Mumbai – The major indices are registering heavy losses at the start of the new week’s trading. While global cues have been dominant in recent times, there has been a heavy focus on stock-specific action.

Meanwhile, Cochin Shipyard’s shares have risen more than 8%, driven by a growing number of investors buying. The company is a Government of India company engaged in the business of shipbuilding for the Indian Navy and related businesses. Over the past three decades the company has emerged as a pioneer in the Indian shipbuilding and ship repair industry and is the largest shipbuilder and repairer in India.

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The stock has registered a strong uptrend, registering gains of over 25% in the last one month. At the same time, it has reached a 52-week high of Rs 483 on the national stock market platform. Such strong price action is widely supported by investors and indicates institutional buying. All the technical aspects are very positive and the stock’s RSI (79.43) is bullish. So OBV is peaking.

Recently the company has reported strong double digit growth in revenue and profit. With positive fundamentals and bullish technical parameters, this company stock is expected to reach higher levels in the medium term. This stock should be on the watchlist of investors to note its further bullish journey.
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