Business India

Sensex: BSE, Nifty Surges, Cochin Shipyard Jumps 10% on 5400cr Deal with Indian Navy

Sensex: BSE, Nifty Surges, Cochin Shipyard Jumps 10% on 5400cr Deal with Indian Navy
Written by Ashish Sharma

Indian Markets open in green today BSE opens 142 points up to 32006 and Nifty jumped 41 points to 10057 at 10:28 IST. Cochin Shipyard in the news today after the company bagged 5,400 crore deal from the Indian Navy Yesterday. Stock jumped from 518 to 579 yesterday at 14:40 IST after the company got confirmation from the Ministry of Defence (Navy) that the Cochin Shipyard has emerged as the Lowest bidder for 16 X ASW SWC Project for the Indian Navy. Today in the morning session Cochin Shipyard share price almost jumped 2% from the previous close of 571 and currently trading at 582 and hit today’s High of 592 on NSE. Investors are bullish about the stock and predicting target of 650 in the coming month.

Bharti Infratel, Bharti Airtel rallies in the early morning session today on the news that Abu Dhabi Investment Authority and GIC Singapore is in talks to acquire world’ largest wireless infrastructure company Indus Towers, and telecom tower company Bharti Infratel for  11 billion USD.Top Losers on BSE charts today are IBULHGFIN sinks 1.92% to 1257, SYNDIBANK sinks 1.67% to 67.70.

Top Picks for Traders: MotherSONSUMI stock is going on higher side with rising volumes projected target for the coming days is 370 trade with SL 330. Cochin Shipyard after the news of 5400 crore deal with Indian Navy stock is forming bullish pattern. Projected tgt 600 and SL 560. OIL INDIA after long consolidation phase stock is forming bullish patterns Traders can go for buy with Tgt of 375 and SL 349

About the author

Ashish Sharma

Ashish is a techie who is a finance and stocks hobbyist. He loves to contribute and create awareness by writing on business and finance