The sharp surge also comes amid a bullish trend in shipyard stocks after Garden Reach Shipbuilders & Engineers (GRSE) reported its highest-ever annual turnover of Rs 6,400 crore for financial year 2026, marking a 26% jump from Rs 5,076 crore in the previous year.
Shipyard stocks rally
Cochin Shipyard shares surged to Rs 1,372 per share, while Mazagon Dock Shipbuilders shares jumped more than 13%. GRSE shares, meanwhile, surged over 19% on Wednesday morning. These stocks are the top gainers on the Nifty India Defence index, which itself is up around 6%.
The sharp surge in Cochin Shipyard’s share price led to a strong increase in its market value. The rally added more than Rs 4,700 crore to the company’s market capitalisation, bringing it close to Rs 36,100 crore.
The sharp surge also comes amid broader market optimism, as investors increasingly hoped for a sooner end to the raging war between Iran and US-Israel. Sensex surged around 2,000 points while Nifty climbed above 22,900 on Wednesday morning.
Cochin Shipyard is one among the 8 stocks added to NSE’s futures & options (F&O) segment from today onwards. The other seven stocks on the list include Adani Power, Hyundai Motor India, Force Motors, Godfrey Phillips India, Motilal Oswal Financial Services, Nippon Life India Asset Management and Vishal Mega Mart.In a circular issued on Monday, NSE announced the market-wide position limits, trading member-wise position limits, FII/FPI (Category I & II), mutual fund position limits, trading member proprietary limits and client-level limits.Cochin Shipyard shares saw strong trading volumes of more than 54 lakh after the inclusion into the F&O segment, according to data on NSE at 12 pm. The stock has fallen nearly 10% in one month, and is down 17% in 2026 so far. In the longer term, the stock has rallied more than 467% in three years.
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