Cochin Shipyard shares rise 5% after Radhakishan Damani buys stake

- Advertisement -

Cochin Shipyard share value rose 5 p.c intraday on October 23 after ace investor Radhakishan Damani picked up a stake within the firm.

Within the earlier session, the inventory rallied 10 p.c to shut at Rs 359.55. It has gained 45 p.c within the final 6 months.

Radhakishan Damani has acquired half a p.c fairness stake in Cochin Shipyard, the state-owned largest shipbuilding and upkeep firm, through an open market transaction on October 22.

The majority offers information out there on the Nationwide Inventory Trade confirmed that Damani has acquired 6,94,646 fairness shares within the firm at Rs 349.14 per share on the NSE.

On October 22, the federal government has amended some licensing norms to spice up native shipbuilding and in addition amended proper of first refusal situation for ship constitution, reported CNBC-TV18.

At 09:35 hrs, Cochin Shipyard was quoting at Rs 369, up Rs 9.45, or 2.63 p.c on the BSE.

The share touched its 52-week excessive Rs 491.15 and 52-week low Rs 209.00 on 20 January 2020 and 24 March 2020, respectively. At present, it’s buying and selling 24.87 p.c under its 52-week excessive and 76.56 p.c above its 52-week low.

Latest news

- Advertisement -
- Advertisement -

Related Article

How to Make a Good First Impression Before a Job Interview

In this article, you’re going to learn some practical tips on how to make a great first impression before a job interview. Are you scheduled...

Why Advertising Is Essential To Any Kind Of Business

The figures are evident: advertising is a critical expenditure for both large and small businesses. Companies across the world spend more than $500 billion...

Nmaf)&*0f!G8HVwI5U(*dIeu

Nmaf)&0f!G8HVwI5U(dIeu

Min_u!HMtE#PAkSv9TOvXFxQ

Min_u!HMtE#PAkSv9TOvXFxQ

Vbsg6^^_tbhsa

Vbsg6^^_tbhsa N*&guuSWUiswj bhsxbT^RSw6hnbnb

How to use Bitcoin ATM in easy steps?

Bitcoin ATMs are as common as any other traditional bank ATMs. They can be easily found in places like gas stations, shopping malls and...