Cochin Shipyard's Q2 earnings gloom sends shares down 5%, stock crashes 50% from peak
Cochin Shipyard's Q2 earnings gloom sends shares down 5%, stock crashes 50% from peak The shipbuilder's stock reached an all-time high of Rs 2,979.45 per share on the NSE on 8th July 2024. Since then, it has declined by over 51 per cent. MONEYCONTROL NEWS NOVEMBER 08, 2024 / 12:26 IST Cochin Shipyard shares drop over 50% from peak, falls 5% today on weak Q2 Cochin Shipyard Trade Watchlist Portfolio Message Set Alert NSE LIVE 08 Nov, 2024 15:59 1,447.95 -75.90 (-4.98%) Volume 501298 Todays L/H 1,447.65 1,490.00 More Cochin Shipyard share price hit the lower circuit on November 8 after after the higher costs dented the company's Q2 margins. The stock has dropped over 50 percent from its peak. The earnings before interest, tax, depreciation, and amortisation (EBITDA) margin stood at 17.3 percent in the quarter under review for the current fiscal. Previously, it reported 18.9 percent of the corresp...