Cochin Shipyard share split: PSU defence stock to trade ex-split this week

Cochin Shipyard share split, Cochin Shipyard stock ex split date: Mid-cap stock Cochin Shipyard will trade ex-split on January 10, Wednesday. Cochin Shipyard's existing shares will be split from a face value of Rs 10 to a face value of Rs 5, i.e., in a 2:1 ratio.

"We wish to inform you that the company has fixed Wednesday, January 10, 2024, as the record date for the purpose of determining the eligibility of shareholders for sub-division or split of existing 1 (one) equity share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (two) equity share of face value of Rs. 5/- (Rupees Five Only) each fully paid up," the shipbuilding and allied services company said in an exchange filing dated December 14.

Cochin Shipyard stock split record date

The company has fixed January 10 as the record date to determine the eligibility of shareholders for sub-division.

Cochin Shipyard shares closed 0.17 per cent lower at Rs 1,361 apiece on Friday on the NSE. The company's m-cap stands at Rs 17,925 crore, as per data available on the NSE—the stock's 52-week high and 52-week low range from Rs 1,408.85 and Rs 410.4, respectively.

Cochin Shipyard share price history

Cochin Shipyard has given multi-bagger returns; the stock has gained 171 per cent in the last month, outperforming the benchmark index, the Nifty, which has rallied 20 per cent.

Cochin Shipyard Q2: Here's how the counter fared in Q2

Cochin Shipyard reported a 60.93 per cent rise in consolidated profit at Rs 181.52 crore for the September quarter of 2023–24. Read more

What does Cochin Shipyard do?

Incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982, Cochin Shipyard has Miniratna status. The company's official website read that Cochin Shipyard was conceived in 1969 when a team surveyed various locations in India before selecting Cochin for the launch of the first greenfield shipbuilding yard in the country.

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