Cochin Shipyard's share price rose by 12.85% to Rs 2,045, reaching a nine-month high on May 16, 2025.
The surge was a result of the company's positive financial performance for the final quarter of fiscal 2025, with net profit up 11% to Rs 287.19 crore and revenue increasing by 36.6% to Rs 1,757.65 crore.
However, Ebitda declined by 8% to Rs 265.78 crore, leading to a contraction in margin to 15.1% from 22.5% last year.
Jefferies expressed bullish sentiment on the defence sector, foreseeing double-digit compound growth in earnings per share in the medium-term and recommended HAL, Data Patterns, and BEL as top picks.