CSL is the largest shipbuilder and ship repairer in India
The company recently bagged a contract with Adani Ports and SEZ for the construction of eight tugboats worth about $54 million through its subsidiary Udupi Cochin Shipyard Limited
The conclusion of the Master Ship Repair Agreement (MSRA) with the US Navy for the repair of USNS ships opens up a significant new source of revenue
The company showed an impressive 38.51% YoY revenue growth in the last quarter, reaching INR 106.86 billion
From a technical perspective
-There was an ascending trend line
-Breakout up and then retest of the descending line.
-The correction is ending
-Expect a breakout of the resistance and an increase in quotes
The company recently bagged a contract with Adani Ports and SEZ for the construction of eight tugboats worth about $54 million through its subsidiary Udupi Cochin Shipyard Limited
The conclusion of the Master Ship Repair Agreement (MSRA) with the US Navy for the repair of USNS ships opens up a significant new source of revenue
The company showed an impressive 38.51% YoY revenue growth in the last quarter, reaching INR 106.86 billion
From a technical perspective
-There was an ascending trend line
-Breakout up and then retest of the descending line.
-The correction is ending
-Expect a breakout of the resistance and an increase in quotes
Trade closed manually
🇮🇳 #Cochinship #IdeaClosedwe close the idea in Cochinship
Days in the deal 14⚡️
8% ( 209,6% annum)
*The probability of further growth is high.
We are taking the profit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.