Cochin Shipyard Q2 profit falls 50% to Rs 53.8 crore

Cochin Shipyard reported a 50% fall in Q2 profit to Rs 53.8 crore, and the stock closed near Rs 1,202 with key levels at Rs 1,293 and Rs 1,100. Cochin Shipyard Limited [COCHINSHIP] reported weak September quarter numbers. Consolidated profit fell 50% to Rs 53.8 crore from Rs 107.5 crore a year ago, while revenue rose 11.7% to Rs 1,249.2 crore. On 11 November 2026 the stock closed at Rs 1,202, down about 6.8%, on volume of 8.51 million shares. In the previous session it had gained over 4% on higher volume and moved close to Rs 1,293. Revenue grew but profit halved, which may point to pressure on margins. Caution was already building since September, when the company guided for an FY27 EBITDA margin of about 14%. The daily trend remains bearish. The bounce from the Rs 1,100 zone met supply near Rs 1,293, and RSI (14) is now 46.10, below its recent high near 60. What next: Rs 1,293 is the key hurdle. A daily close above it may signal an upmove. Rs 1,100 is the major support. A close below it may resume the bearish trend in the near term. Conclusion: The stock trades between Rs 1,100 and Rs 1,293 with a bearish bias. A close outside this range may decide the next move. Disclaimer: I do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.