The price of this stock rose for the 7th consecutive day, an upper circuit was applied as soon as the market opened – do you have it

Shares of the government shipbuilding company Cochin Shipyard hit an upper circuit as soon as the market opened today. As soon as trading began on Monday, investors rushed to buy the shares of Cochin Shipyard, and at 09.21 in the morning, i.e. just 6 minutes after the market opened, it hit an upper circuit. Today is the 7th consecutive day when the company’s shares have closed with a gain. Let us tell you that the Defense Ministry signed a contract with Cochin Shipyard on November 30 for the Short Refit and Dry Docking (SRDD) of INS Vikramaditya. The value of this contract is Rs 1207.5 crore. The company’s shares have been rising ever since this deal with the Defense Ministry.

The company’s shares opened with a big gain on Monday.

The company’s shares which had closed at a high of Rs 1576.95 on Friday last week, opened with a strong gain at Rs 1630.00 today. Within a few minutes of the start of trading, the company’s shares had reached an intraday low of Rs 1611.05 and then at 9.21 am, the company’s shares hit an upper circuit as it reached Rs 1655.75 with a gain of 5 percent. However, despite the continuous rise for 7 days, the company’s share price is still much below its 52-weekk high.

Cochin Shipyard’s share price increased by 183.88 percent in the last 1 year.

According to BSE data, the 52-weekk high of the shares of the government company is Rs 2977.10. The 52-week low of this share is Rs 577.88. This clearly shows how much the company’s shares have fluctuated in the last 1 year. According to the official data of BSE, the price of this government share has increased by 21.44 percent in the last 1 week, 27.34 percent in the last 2 weeks, 8.63 percent in the last 1 month, -10.54 percent in the last 3 months, -14.99 percent in the last 6 months and 183.88 percent in the last 1 year.