Cochin Shipyard stock gains after Adani Group's tug vessel order

Cochin Shipyard Ltd share price rallied after wholly owned subsidiary Udupi Cochin Shipyard Ltd secured order from Ocean Sparkle Ltd, an Adani Group company, for construction of four 70-tonne bollard pull ASD tugs. Deliveries are scheduled from November 2028 till June 2029. FII's stake in the company increased to 3.10% in March 2026 quarter.