Cochin Shipyard shares hit a day high of Rs 1,257 on 9 October, up 5%, on the day its unit won an order for two cruise ships.

Hooghly Cochin Shipyard Limited, a wholly owned subsidiary of Cochin Shipyard Limited, will build two luxury river cruise vessels.

These are ships designed for tourists who want to travel along rivers in comfort. The buyer is Heritage River Journeys Private Limited, which runs river cruises under the brand name Antara River Cruises.

The company filed the order under its ‘Notable’ category, which means a value between Rs 100 crore and Rs 250 crore. It did not give an exact figure.

The first ship is due in June 2029. The second follows in June 2030. This is not the first time the two companies have worked together.

Heritage River Journeys placed an earlier order for two vessels in June 2025, in the same value band, which makes this a repeat deal.

Cochin Shipyard also told exchanges that none of its promoters, promoter group or group companies hold any interest in the buyer. That means the order is not a related party transaction.

There was another big development last month. On 11 September, Cochin Shipyard signed a 50:50 joint venture agreement with Drydocks World, a DP World company.

The venture will run and expand the International Ship Repair Facility in Kochi.

On NSE, the stock opened at Rs 1,214.90 against a previous close of Rs 1,200 and dipped to Rs 1,213 early on.

It then climbed to the Rs 1,257 peak and settled at Rs 1,230, a gain of Rs 30. The longer view looks weaker.

Cochin Shipyard has lost about 20.95% in the past month and is down about 24.20% in 2026.

Its 52-week high is Rs 1,864, and its market value stands near Rs 32,359 crore.

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