Cochin Shipyard share price today: Shares of Cochin Shipyard Limited tanked nearly 9% during Friday’s trading session after the Miniratna PSU announced its financial year 2026-27 growth guidance. The state-owned shipbuilder has guided for 12% revenue growth in fiscal year 2027, whereas its blended EBITDA margin is likely to stabilise at around 14%.
Cochin Shipyard’s turnover stood at ₹1,094.21 crore in the June quarter of FY27 against ₹1,068.50 crore in the previous quarter.
The defence stock has declined 14.38% in 2026 so far, and the recent decline has seen a major technical breakdown, highlighted Virat Jagad Sr, Technical Research Analyst at Bonanza, who advised investors to avoid fresh entry for now.
“Avoid entry now. The stock has experienced a major technical breakdown, slicing through its ascending trendline support and all major Exponential Moving Averages (20, 50, 100, and 200 EMA) around ₹1,488– ₹1,524. The heavy volume bar indicates strong institutional distribution, while an RSI dropping rapidly toward 35 confirms weakening momentum without being oversold enough for a mean-reversion bounce. Wait for stability around the ₹1,300– ₹1,320 horizontal support zone before considering a fresh position,” stated Virat Jagad.
The Kochi-based shipbuilder has a current order book of ₹22,000 crore, which continues to provide the company with good revenue visibility. The defence PSU has also been declared as the lowest bidder for a large number of next-generation survey vessels for the Indian Navy, which is valued at approximately ₹5,000 crore. Cochin Shipyard's order book is estimated to grow to ₹27,000 crore after the conclusion of the current contract.