Latest Markets Business BEEPS Earnings Personal Finance

Cochin Shipyard Shares Jump 5% As Modi Inaugurates Hydrogen Fuel Cell Ferry

Fuel-cell-powered vessels have zero emission and are energy efficient, it says.

Ananya Chaudhuri

Image used for representational purpose (Source: Cochin Shipyard/X)

Shares of Cochin Shipyard Ltd. jumped over 5% after Prime Minister Narendra Modi inaugurated India's first indigenously developed hydrogen fuel cell ferry on Wednesday.

The inauguration was done in a virtual mode from Thoothukudi, Tamil Nadu. The project is in line with the aim to adopt a sustainable source for maritime fuel in the backdrop of India's goal to reach net zero emissions by 2070, according to an exchange filing.

Fuel-cell-powered vessels have zero emission and are energy efficient, subsequently reducing impact of global warming, it said.

X

On the NSE, Cochin Shipyard's stock rose as much as 5.78% during the day to Rs 903.45 apiece, the highest since Feb 9. It was trading 1.62% higher at Rs 867.90 per share, compared to a 0.99% decline in the benchmark Nifty 50 as of 1:20 p.m.

The share price has risen 1.11% on a year-to-date basis. The total traded volume so far in the day stood at 3.1 times its 30-day average. The relative strength index was at 56.45.

Two out of five analysts tracking the company have a 'buy' rating on the stock, as many recommend 'hold' and one suggests 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 42.8%.

Also Read: Vedanta Likely To Have Transformational Year, Say Brokerages

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

Tariffs Pushing Up Prices, But Wider Impact Unclear, Says Powell After Fed Rate Cut

  • chevron-double-right US tariffs are increasing prices but their broader impact remains unclear, says Fed Chair Powell
  • chevron-double-right Rising jobless claims and higher unemployment influenced the Fed's decision to resume rate cuts
  • chevron-double-right Powell expects tariff-driven inflation to be short-lived despite current upward pressure on prices
More Beeps chevron-right

RECOMMENDED FOR YOU

Cochin Shipyard Signs Contract With ONGC Worth Rs 200 Crore
timelogo Sep 17, 2025
Cochin Shipyard, Mazagon Dock, Other Defence Stocks Buzzing In Trade
timelogo Sep 15, 2025
71 Dividend Stocks: Cochin Shipyard, Garden Reach, KPI Green, Mastek — Last Day To Buy Shares To Qualify
timelogo Sep 11, 2025
BMW's First Hydrogen Car Three Years Away: What Is It Important In Today's EV-Era?
timelogo Sep 03, 2025

POPULAR

1
Tariffs Pushing Up Prices, But Wider Impact Unclear, Says Powell After Fed Rate Cut
2
Fed Resumes Rate-Cut Cycle After Nine Months With 25 Bps Reduction; Sees Two More This Year
3
Fed's First Rate Cut Of 2025 To Powell Speaking On Jobs, Tariffs, Inflation — Key Highlights
4
Wall Street Sees Muted Response To Fed Decision: Markets Wrap
5
Nokia Hires Intel Executive To Lead Push Into AI Data Centers