Cochin Shipyard Shares Soar 5% on Rs 5000 Crore Defence Order Win

• Cochin Shipyard Limited (CSL) shares jumped over 5% after securing an L1 bidder status for a Ministry of Defence order.
• The order, valued at approximately Rs 5000 crore, is for the construction of five Next Generation Survey Vessels (NGSV) for the Indian Navy.
• CSL's income increased by 17.7% to Rs 1,350.4 crore in Q3, despite an 18.3% drop in net profit.
• The company declared a second interim dividend of Rs 3.5 per equity share for FY26.
• Cochin Shipyard's share price reached Rs 1,550, showing a 27% gain over the last year.