Stock Market Today, May 16 -- Cochin Shipyard share price extends gains, rises 9% in the morning trades on Friday post Q4 Results that were announced after the market hours. The company also announced dividend

Cochin Shipyard announced on Thursday that its consolidated net profit for the fourth quarter was Rs.287.18 crore, up 27% year-on-year (YoY) from Rs.258.88 crore in the same period of the previous year.

During the same time period, operating revenue increased 36.7% year over year to Rs.1,757.65 crore. The same amount was Rs.1,286.05 crore during the same time last year.

The quarter's earnings before interest, tax, depreciation, and amortization (EBITDA) came to Rs.266 crore, a 7.6% decrease from the same time the previous year. A...