Buy Defence stocks, 1310% returns: Received orders worth Rs 1100 crore; check targets

Updated July 1, 2024 | 07:25 AM IST

Defence stocks to buy: A shipbuilding company's arm has received an order worth Rs 1,100 crore. This stock has given a handsome return of 1,310 per cent in the last two years. Check the stock price target.

To buy defense stocks: The company has a total order book of Rs 22,000 crore as of March 31, 2024. (Image: Company's official website/ET Now News)

Defence Stock To buy: Udupi Cochin Shipyard Cochin Shipyard (CSL), a wholly-owned subsidiary of Cochin Shipyard (CSL), informed the stock exchanges on Friday, June 28, that it has received an international order for design and construction of 4 6300 TDW Dry Cargo Vessels from Wilson ASA, Norway. The agreement for four more vessels of the same type is expected to be formalised by September 19, 2024.

The total order is worth Rs 1,100 crore.

This is a follow-on order to the contract awarded in June 2023 for the design and construction of six 3800 TDW dry cargo vessels, which are now in an advanced stage of construction at the yard located at Udupi, Karnataka.

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