Cochin Shipyard shares have experienced a strong upward trend, with a recovery of more than 20 percent in just five days. The stock reached its highest permissible limit for the day, climbing 5 percent in morning trade on the National Stock Exchange.

The shares had increased by 4.78 percent by midday. This rally comes after a significant decline, with the stock falling nearly 50 percent from its peak on July 8, 2024.

Cochin Shipyard, India's largest shipyard by capacity, has gained momentum in both commercial and defense sectors, boosting investor confidence. Over the past week, Cochin Shipyard has outperformed the benchmark Sensex, which recorded a gain of 3.07 percent during the same period.