India’s Cochin Shipyard hits record high on strong Q1 profit

** Shares of ship-builder Cochin Shipyard COCH.NS rise as much as 19.5% to hit a record high of 822 rupees
** Kerala-based co on Friday reported Q1 profit that more than doubled
** COCH shares up ~ 23% in two sessions posts results
** About 19.7 mln shares change hands, 6.6x 30-day avg
** Including session’s gains, stock up ~50% YTD
Source: Reuters (Reporting by Sethuraman NR in Bengaluru)