"The defence is highly focussed but the upside is very limited. We need to watch the Q3 earnings which will start from January 15, 2025. The entire defence sector will get rerated for higher levels post Q3 results,

The surge in Cochin Shipyard shares came after Adani Ports said it has placed the "largest" order of Tugs worth Rs 450 crore

The company said the construction of three additional ASD tugs is currently underway, bringing the total order to 13 tugs, aimed at providing a younger fleet for efficient and reliable services in the

Shares of Cochin Shipyard Ltd climbed 5 per cent in Friday's trade after Adani Ports & Special Economic Zone Ltd (APSEZ), placed India's largest order of eight harbour tugs with the PSU defence player for Rs 450 crore.

Adani Ports and Special Economic Zone Ltd has placed a Rs 450-crore order with Cochin Shipyard for eight tugs, expected to enhance safety and efficiency in Indian ports. This aligns with the 'Make in India' initiative,

The Adani Ports' order is for eight state-of-the-art harbour tugs, with a total contract value estimated at Rs 450 crore. This initiative aligns with the government’s Make in India and Aatmanirbhar Bharat initiatives by boosting local manufacturing and enhancing self-reliance in the maritime sector, as per a media release.

APSEZ orders eight harbour tugs from Cochin Shipyard worth ₹450 crore, aiming to support 'Make in India' initiative.

With a total contract value estimated at ₹450 crore, these tugs are expected to begin delivery in December 2026 and continue until May 2028.

Adani Ports has awarded a Rs 450 crore order to Udupi Cochin Shipyard, a subsidiary of Cochin Shipyard, for the construction of eight advanced harbor tugs. Deliveries will begin in December 2026 and continue until May 2028,

Cochin Shipyard shares rose 5% and hit the upper circuit at Rs 1,539.05 after Adani Ports and SEZ placed an order of 8 harbour tugs for a value of Rs 450 crore. However, the stock is still 94% away from its all-time high of Rs 2,