Cochin Shipyard share price spikes over 18% to 52 week high as stock trades ex split

Cochin Shipyard share price spiked over 18% on Wednesday after it turned ex date for a stock split. Cochin Shipyard shares jumped as much as 18.77% to hit a 52 week high of 794.25 apiece on the . The state run shipbuilding company had, in December 2023, announced a sub division of its equity share from a face value of 10 each to a face value of 5 each.

had fixed Wednesday, January 10, 2024, as the Record Date for the purpose of determining the eligibility of shareholders for sub division or split of existing one equity share into two equity shares. Cochin Shipyard shares have rallied more than 45% in the past three months, while the stock is up over 212% in one year.

On Tuesday, Cochin Shipyard stock closed 3% higher. In December, the company announced the signing of a contract worth 488.25 crore with the Ministry of Defence for repair and maintenance of the equipment and systems onboard the naval vessel. At 2:30 pm, Cochin Shipyard shares were trading 18.48% higher at 792.25 apiece on the BSE.

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