Cochin Shipyard share price gain 12.66% as Sensex rises
Shares of Cochin Shipyard Ltd. traded 12.66 per cent up at Rs 2350.8 at 04:32PM (IST) on Thursday, even as BSE benchmark Sensex gained 443.79 points to 81442.04.
The stock had closed at Rs 2086.7 in the previous session. The stock quoted a 52-week high price of Rs 2979.45 and 52-week low of Rs 1180.2, respectively. As per BSE data, total traded volume on the counter till 04:32PM (IST) stood at 23864609 shares with a turnover of Rs 5373.58 crore.
At the current price, shares of the company traded at 74.74 times its trailing 12-month earnings per share of Rs 31.45 per share and 6.63 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth…
