Cochin Shipyard refutes media report on 40 ship export orders

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COCHINSHIP · price

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Price reactionminutes from the announcement price · days from the prior close

+2.3%Reaction day

₹1200.00

prior close

₹1227.00

announcement price

In-mkt

timing

Nifty Midcap 150market+1.4%+0.9% vs market

Industrial Manufacturing peers, median of 145sector · industry level+0.1%+2.2% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 2.2 pts more than its Industrial Manufacturing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.3+1.4+0.9+0.1+2.2

Next day

+2.7+1.4+1.2+0.4+2.2

+5.5+2.4+3.1+0.7+4.8

+4.4+2.4+2.0+1.4+2.9

+4.5+2.1+2.4-0.2+4.7

+4.1+2.0+2.1-0.0+4.1

-2.7-0.5-2.2-3.5+0.7

15d

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UpDownMarket · Nifty Midcap 150Sector · Industrial Manufacturing peers, median of 145Pending

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AI summary

Following an Economic Times report claiming Cochin Shipyard received orders to build 40 ships from the US, Germany, Norway and other nations, the company clarified that all existing orders including export orders have already been disclosed to stock exchanges. The only new order disclosed today is from subsidiary Hooghly-CSL for two Luxury River Cruise vessels from Heritage River Journeys. CSL stated it has no further firm orders to report beyond what is already public.

Likely market impact

Denial of the 40 ship order claim. The only new order disclosed is two small river cruise vessels via subsidiary, well short of the rumour.