New Delhi, Sept. 16 -- Cochin Shipyard, a leading shipbuilding and repair yard in India, saw its shares continue to rise, gaining another 2.5% in Tuesday's intraday session, September 16, to reach a 9-week high of Rs.1,853, taking the 5-day cumulative gain to 14%.

Despite the defence major making a strong comeback from a 2-month slump, it is still trading 28% below its June 2025 peak of Rs.2,545 per share. However, projections by domestic brokerage firm Anand Rathi show that the stock could extend its rally and approach the recent peak.

In its latest report, the brokerage said that after a decisive correction, Cochin Shipyard has found support near its 200 DEMA and 200 DSMA. "We are witnessing a triple bottom formation around these long...