Cochin Shipyard shares surge 10% on FTSE index inclusion, may see $30 mn inflows

[

Cochin Shipyard shares are also in focus as the company will begin trading on an ex-dividend basis from Monday for a dividend of Rs 2.25 per share, declared earlier this month. Today is the last day to purchase shares to qualify for this dividend.

The shares have advanced by an impressive 246% over the last year, while in the past six months, the stock has surged by 110%. Year-to-date, the shares have gained 170.7%, according to BSE analytics.

In the past 12 months, Cochin Shipyard has declared dividends totaling Rs 14.50. At the current market price of Rs 1,845.25, the company’s dividend yield stands at 0.79%, based on data available from Trendlyne.

Also read: Vodafone Idea shares tumble 24% in 2 days, slip below Rs 10 mark

Meanwhile, technically, the stock is currently positioned below its short, medium, and long-term exponential moving averages (i.e., 10, 20, and 100 DEMA), but remains above the 200 DEMA. On the RSI, the stock is oscillating near the 23.5 mark, indicating that it is in oversold territory.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

https://img.etimg.com/thumb/msid-113517533,width-1200,height-630,imgsize-54240,overlay-etmarkets/photo.jpg
https://economictimes.indiatimes.com/markets/stocks/news/cochin-shipyard-shares-surge-10-on-ftse-index-inclusion-may-see-30-mn-inflows/articleshow/113517549.cms

Black Friday tablet deals are live – I’ve picked the best offers on iPads, Galaxy Tabs, Fire Tabs and more

Beware — that dream job offer could be malware sent by Iranian hackers

What are specialist VPN servers?

The best early Black Friday Game Pass deal could come from these Amazon discounts on Xbox gift cards

What UK political parties are promising in the 2019 general election

Otto Warmbier’s parents want North Korea to suffer for their son’s death

Could a ‘youthquake’ cause Boris Johnson to lose the general election?

People are driving through flames to escape this California wildfire

New ‘Westworld’ trailer introduces us to another dystopian tech company

What’s the point of ‘Charlie’s Angels’ without Sam Rockwell dancing?

These striking photos capture the future of human flight

‘Heathers’ is still the best dark comedy about high school hell

Trump vs. Harris: How the election will affect EV adoption

Lumwana’s Super Pit Expansion Officially Launched By Investing.com

How Biden could use a 1947 law to suspend the dockworkers’ strike

Why your Roth IRA conversions could have ‘unintended’ tax consequences

The YouTuber who has become one of Gen Z’s most beloved celebrities

26 last-minute holiday gifts that are still thoughtful and unique

Practicing gratitude regularly can make you less stressed and sleep better

8 things millennials wish you would just stop getting them for the holidays

Cochin Shipyard shares surge 10% on FTSE index inclusion, may see $30 mn inflows

Black Friday tablet deals are live – I’ve picked the best offers on iPads, Galaxy Tabs, Fire Tabs and more

Beware — that dream job offer could be malware sent by Iranian hackers

What are specialist VPN servers?

The best early Black Friday Game Pass deal could come from these Amazon discounts on Xbox gift cards