Pipavav Defence rises on the buzz of bagging INS Vikramaditya’s Refit order worth Rs 200 crore

17 Aug 2015

Pipavav Defence and Offshore Engineering Company is currently trading at Rs. 61.85, up by 0.15 points or 0.24% from its previous closing of Rs. 61.70 on the BSE.

The scrip opened at Rs. 61.40 and has touched a high and low of Rs. 62.90 and Rs. 60.75 respectively. So far 606918 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.00 on 19-Feb-2015 and a 52 week low of Rs. 34.40 on 01-Dec-2014.

Last one week high and low of the scrip stood at Rs. 63.25 and Rs. 60.55 respectively. The current market cap of the company is Rs. 4542.39 crore.

The promoters holding in the company stood at 42.24% while Institutions and Non-Institutions held 17.12% and 40.64% respectively.

Pipavav Defence and Offshore Engineering Company has reportedly bagged INS Vikramaditya’s Refit order worth Rs 200 crore. The order is expected to commence from April 2016. INS Vikramaditya is the Indian Navy's biggest aircraft carrier and Pipavav will take four months to complete the project.

Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit and another export oriented unit (EOU).

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