New Delhi, Nov. 11 -- Cochin Shipyard shares came under heavy selling pressure on Wednesday, November 11, after the defence PSU reported a sharp decline in its September quarter earnings. Despite an 11.7% increase in revenue, the company's consolidated net profit nearly halved year-on-year, with higher expenses and losses in its shipbuilding business weighing on performance.

The stock tumbled 8% to an intra-day low of Rs.1,186.75. This marked a steep retreat from its 52-week high of Rs.1,843.60, recorded in May 2026, although it remained above its 52-week low of Rs.1,101.25 touched in October 2026.

The recent correction has been substantial, with the stock losing 2% over one month, 19% over three months, 29% over six months and 31% over...