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Cochin Shipyard share price today: Shares of Cochin Shipyard Limited tanked nearly 9% during Friday’s trading session after the Miniratna PSU announced its financial year 2026-27 growth guidance. The state-owned shipbuilder has guided for 12% revenue growth in fiscal year 2027, whereas its blended EBITDA margin is likely to stabilise at around 14%. Cochin Shipyard’s turnover stood at ₹1,094.21 crore in the June quarter of FY27 against ₹1,068.50 crore in the previous quarter. "The primary concern for investors was management lowering its future guidance to a ~14% blended EBITDA margin (down from higher historical levels). In previous years, margins were supported by high-margin nominated defense contracts such as building and refitting aircraft carriers and steady interest income from a large surplus cash balance," explained Mayank Jain, Market Analyst, Share.Market by PhonePe. The defence stock has declined 14.38% in 2026 so far, and the recent decline has seen a major technical breakdown, highlighted Virat Jagad Sr, Technical Research Analyst at Bonanza, who advised investors to avoid fresh entry for now. “Avoid entry now. The stock has experienced a major technical breakdown, slicing through its ascending trendline support and all major Exponential Moving Averages (20, 50, 100, and 200 EMA) around ₹1,488– ₹1,524. The heavy volume bar indicates strong institutional distribution, while an RSI dropping rapidly toward 35 confirms weakening momentum without being oversold enough for a mean-reversion bounce. Wait for stability around the ₹1,300– ₹1,320 horizontal support zone before considering a fresh position,” stated Virat Jagad. Investors should adopt for a strict wait-and-watch approach until the stock settles following the post-concall margin guidance reset, warned Mayank Jain. "Look for a base-building consolidation near the ₹1,200 -1280 support zone with declining trading volume to confirm that selling pressure has subsided. Fresh buying or aggressive accumulation should be avoided until the stock reclaims its key resistance zone of ₹1,510 to ₹1,550 (back above the 200-day moving average) on strong volume and begins forming a fresh higher-high and higher-low pattern," Jain added. The Kochi-based shipbuilder has a current order book of ₹22,000 crore, which continues to provide the company with good revenue visibility. The defence PSU has also been declared as the lowest bidder for a large number of next-generation survey vessels for the Indian Navy, which is valued at approximately ₹5,000 crore. Cochin Shipyard's order book is estimated to grow to ₹27,000 crore after the conclusion of the current contract. The stock was trading 8.88% lower at ₹1,389.5 per share on BSE with a market capitalisation of ₹36,555.07 crore at 1:57 PM on Friday, September 11. The stock had touched an intraday high of ₹1,512 per share and an intraday low of ₹1,380.65 per share. The stock has a return on equity (ROE) of 11.12%. Its share price has declined 4.9% over the past six months and around 14.38% in 2026 so far. The company's scrip has declined by around 15.86% in one year. Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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