140% return in 1 year: Midcap PSU stock to be in focus in next session - Here's why

5 hours ago 1

Shares of PUS Cochin Shipyard Ltd (CSL) volition beryllium successful absorption erstwhile the marketplace opens connected Monday arsenic the institution has entered into a memorandum of knowing (MoU) with Seatrium Letourneau USA, Inc. (SLET) for the plan and captious instrumentality for jack-up rigs for the Indian market.

Meanwhile, the antagonistic ended today's league astatine Rs 1298.50 connected the BSE. The scrip has fixed a affirmative instrumentality of astir 140 per cent successful 1 twelvemonth and 300 per cent successful 2 years.

The 52-week precocious of the banal is Rs 2,977.10 and the 52-week debased is Rs 539. The marketplace headdress of the PSU is Rs 34,161 crore.

The institution said gathering connected CSL's acquisition successful vessel operation and SLET's method expertise and plan capabilities, the concern aims to capitalise connected opportunities for mobile offshore drilling units designed to conscionable the needs of the Indian market.

This collaboration is successful enactment with the government's efforts nether the Make successful India initiative, it added.

With PTI inputs

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