Cochin Shipyard shares fall 3% amid buzz around OFS at 8% discount

Cochin Shipyard shares fell 3 percent to Rs 1,418 on NSE amid buzz that the government, which holds nearly 68 percent stake, is likely to launch an Offer for Sale at an 8 percent discount as part of its PSU disinvestment drive. The government has raised over Rs 16,000 crore via OFS in PSU companies this year. Separately, the company reported Q4 FY26 net profit of Rs 276.50 crore, down 3.7 percent year-on-year, with revenue falling 15.6 percent to Rs 1,484.3 crore.