India, June 2 -- The shares of a Mid-Cap company specialising in the construction, repair, and maintenance of various commercial and defence vessels are in focus following the target by the Indian brokerage firm Kotak Securities, as they see 42 percent downside potential.

With a market capitalization of Rs. 37,798.13 crores in the day's trade, the shares of Cochin Shipyard Ltd rose by 0.7 percent, reaching a high of Rs. 1,441.00 per share compared to its previous closing price of Rs. 1,429.70 per share.

What Happened Cochin Shipyard Ltd, engaged in the construction, repair, and maintenance of various commercial and defence vessels, is in the spotlight as Indian brokerage firm Kotak Securities maintains a Sell target price of Rs. 830, i...