JSW Energy Ltd, BHEL, Hero MotoCorp, Bosch, NHPC and Samvardhana Motherson International Ltd may be categorised as largecaps. Stocks such as Berger Paints, Marico, SBI Card, Polycab India are expected to be shifted to the midcap category.
Cochin Shipyard share price: The stock scaled its all-time high value of Rs 1,376.90 during the previous session. At the said price, the multibagger scrip was up more than 100 per cent on a year-to-date (YTD) basis and over 450 per cent in the past one year.
Shares of Cochin Shipyard Ltd were trading in the overbought zone even as the defence stock climbed 8.27% to record high of Rs 1170.05 in the afternoon session on Monday.
Cochin Shipyard also hit its 52-week high of Rs 1,062 on the NSE, gaining 8% in the intraday trade. Garden Reach Shipbuilders shares remained unbeaten over the past three sessions, extending gains to 18%.
Hydrogen Fuel Cell Ferry: Cochin Shipyard shares have delivered multibagger returns of nearly 300% in the past 12 months and have outperformed Nifty which itself has given returns of over 27% during this period. The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs).