Cochin Shipyard shares will react to weak Q1 results; Kotak sees 42% downside

Cochin Shipyard shares may fall nearly 42% as Kotak Institutional Equities issued a sell rating. The company’s June quarter net profit fell 27.7% to ₹135.8 crore, while revenue fell 6.9% to ₹910 crore. Kotak said progress on tie-ups with HD KSOE, Maersk and Drydocks World will be key future catalysts.