20% increase in Cochin Shipyard's share price

Before Market Opens
10 January, 2024

The 20% increase in Cochin Shipyard’s share price can be attributed to a couple of key developments:

1. **Stock Split Announcement:** Cochin Shipyard announced a stock split, where one equity share of face value Rs 10 each was sub-divided into two equity shares of face value Rs 5 each. This stock split became effective on January 10, 2024. On the ex-date for the stock split, the shares of Cochin Shipyard hit a 20% upper circuit

2. **Performance and Growth Prospects:** Cochin Shipyard has shown strong performance and growth prospects. Over the past five sessions, its stock surged over 26.79%, and over 73% in just a month. Since the beginning of the year, the stock was up over 116% and over 195% in a year. This increase in share price is also due to significant strides made by the company in the shipbuilding industry, securing substantial contracts and expanding its presence in various segments. Recently, Cochin Shipyard bagged a major shipbuilding contract, involving the construction of six Next Generation Missile Vessels (NGMV) for the Indian Navy, boosting its order book value.

3. **Strong Order Book and Contract with Ministry of Defence:** Cochin Shipyard had a shipbuilding order book of Rs 22,000 crore as of September 30 last year. The company also signed a contract worth Rs 488.25 crore with the Ministry of Defence for repair and maintenance of equipment and systems onboard a naval vessel.

These factors combined contributed to the surge in Cochin Shipyard’s share price. The stock split made the shares more accessible to a larger number of investors, while the strong order book and recent contracts underscored the company’s growth potential and stability in the shipbuilding and defense sectors.

24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches