Expecting New life highs in COCHINSHIP1. *Company Overview*: Cochin Shipyard is a leading shipbuilding and maintenance company in India. It specializes in constructing and repairing vessels for various segments including defense and commercial shipping.
2. *Fundamental Analysis*: COCHINSHIP has shown a great change in Earnings per share and has also improved net income QoQ. The stock has a great price strength as well as demand in buyers.
3. *Technical Analysis*: The stock has high relative strength and is trading near its 52 week high i.e. Rs.1088.95. A perfect entry point can be Rs.1119 for targets of Rs.1258 and Rs.1498.90 if breakouts its recent 52 week high. To manage the risk on this trade Rs.1021 can be perfect stop loss which is around 6.15% of the trade. The risk reward ratio looks quite favorable from here.
4. *Market Catalysts*: Upcoming results can act as a quick rocket move giver to the stock.The FII's have also increased their stake last quarter in the stock.
5. *Conclusion*: The stock being a hidden gem among its peers can show a nice upmove. Keep it in your watchlist for further observation.
This concise analysis provides a snapshot of the stock's current situation, combining both fundamental and technical aspects, while considering potential market-moving catalysts.