In the past three trading days, the stock has rallied 18 per cent, as compared to 0.5 per cent rise in the Nifty50 index.
CSL is mainly engaged in the construction of vessels and repairs and refits of all types of vessels including upgradation of ships periodical lay-up repairs and life extension of ships. The company has built and repaired some of the largest ships in India. CSL's key shipbuilding clients on the domestic front include the Indian Navy the Indian Coast Guard and the Shipping Corporation of India Limited. CSL has also undertaken repairs of various types of vessels including upgradation of ships of the oil exploration industry as well as periodical maintenance repairs and life extension of ships.
At 09:23 am, the stock was trading 3 per cent higher at Rs 371 on the NSE, against 0.48 per cent rise in the Nifty50 index. A combined around 540,000 equity shares have changed hands on the counter on the NSE and BSE, so far.