Fundamentally I don’t track Cochin shipyard, or GE shipping or Baltic index. But the chart of Cochin shipyard is a beautiful example of a rounding formation and then a big upmove. Below 700, the consolidation took form of a rounding formation and once it broke out above that levels, it went up to post highs of 1258 and now again seems to be in a pause mode.
@girishsanghavi I don’t track SCI.
Current times are good times for anything with a PSU tag attached. 
And may they continue. But again like other rallies of favoured sectors in the past, I consider these are sectoral rallies with strong tailwinds and have to be dealt with accordingly. I would not dare to project earnings beyond maybe 2 years. With govt companies a lot of unforeseen things can happen. But as long as the music lasts, we should dance, but stay close to the exit doors when music becomes too loud.
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