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Cochin Shipyard shares: The stock has posted exceptional gains, surging nearly 737% in the past two years, 1,178% over three years, and 1,649% in five years. Cochin Shipyard now holds a market capitalisation of Rs 55,272 crore.
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Coforge shares: The company set June 4, 2025, as the record date to identify shareholders entitled to receive the split equity shares. As part of the corporate action, each equity share with a face value of Rs 10 has been divided into five shares with a face value of Rs 2 each.
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Shares of Garden Reach Shipbuilders and Engineers (GRSE) surged 10% after signing an MoU with Norways Kongsberg for Indias first Polar Research Vessel. The deal marks a significant boost for GRSE amid its ongoing defence shipbuilding projects, including the Navys Next Generation Corvettes order.
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Market expert Sunil Subramaniam believes the US-India bilateral trade agreement (BTA) is the key international trigger for the market's next rally. While domestic mutual funds have provided support, a significant market surge depends on the return of foreign institutional investors (FIIs) following a successful BTA conclusion after July 9th.
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News and Media
Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore. Following this, ABFRL's stock experienced a 9% drop. Goldman Sachs managed the transaction. Aditya Birla Fashion & Retail had recently demerged its Madura Fashion & Lifestyle business.
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News and Media
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