Cochin Shipyard Q2 profit halves; stock in focus

Cochin Shipyard closed at 1,290 on 9 Nov 2026, up 4.33%, before its Q2 results. Support is at 1,228 and resistance at 1,400. Cochin Shipyard Limited [ COCHINSHIP ] reported Q2 FY27 results on 10 November. The stock is expected to be in action on 11 November. It closed at Rs 1,290, up 4.33%. Net profit fell 50% to Rs 53.8 crore, while revenue rose 11.7% to Rs 1,249 crore. EBITDA margin narrowed to 4.1% from 6.6%. The interim dividend is Rs 3 per share, record date 16 November. On the daily chart, the stock hit a two-year low of 1,101.2 last month and gained about 11% in the week ended 6 November. RSI at 58.64 is above its signal line at 38.21. Price is back near 1,290, the September breakdown zone. In my view, the rebound holds above 1,228, but the 11 November reaction will decide the next move. A move above 1,300 brings 1,400 into focus; a close below 1,228 puts 1,101 in view. Stance: cautiously bullish above 1,228, with 1,101 as major support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.