Cochin Shipyard Jumps 7% on ₹5,000 Cr Defence Order Boost

Cochin Shipyard shares surged over 4% (at the time of posting this post) after emerging as the lowest bidder for a ₹5,000 crore Indian Navy contract to build survey vessels. The deal, nearly four times quarterly revenue, lifted sentiment despite recent declines. Defence stocks gained broadly, with the Nifty India Defence index rising for the sixth time in seven sessions.