Stock Radar: Time to buy the falling knife. What should investors do with Cochin Shipyard which is down 35% from highs?
Cochin Shipyard Ltd, despite being in a bear grip, shows potential for a technical bounce back, supported by its 200-DMA position. Experts suggest high-risk traders consider buying near Rs 1,650, targeting Rs 3,000 within three months, contingent on the stock closing above Rs 1,740. This mid-cap contender could offer significant gains amid India's growing defence and maritime sector.
Cochin Shipyard Ltd, despite being in a bear grip, shows potential for a technical bounce back, supported by its 200-DMA position. Experts suggest high-risk traders consider buying near Rs 1,650, targeting Rs 3,000 within three months, contingent on the stock closing above Rs 1,740. This mid-cap contender could offer significant gains amid India's growing defence and maritime sector.
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