Cochin Shipyard Stock Surges 6% on Mega Indian Navy Order, 8x Return in 5 Years

• Cochin Shipyard shares surged by up to 6% today after securing a major order from the Indian Navy.
• The company was declared L1 for constructing 5 Next Generation Survey Vessels (NGSV) for the Indian Navy, valued at approximately Rs 5,000 crore.
• Additionally, Cochin Shipyard received an order from Polestar Maritime Limited for two green tugs under the 'Green Tug Transition Program' (GTTP).
• The stock has delivered a phenomenal 712.54% return in the last five years, turning Rs 1 lakh into over Rs 8 lakh.
• Today's surge increased the company's market capitalization to over Rs 40,800 crore, reflecting growing dominance in the defense sector.