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Pipavav Defence advances on incorporating Joint Venture Company

06 Dec 2012 Evaluate

Pipavav Defence and Offshore Engineering Company is currently trading at Rs 90.50, up by 0.50 points or 0.56% from its previous closing of Rs 90.00 on the BSE.

The scrip opened at Rs 90.40 and has touched a high and low of Rs 91.75 and Rs 89.80 respectively. So far 183755 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 90.75 on 05-Dec-2012 and a 52 week low of Rs 52.65 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs 90.75 and Rs 83.40 respectively. The current market cap of the company is Rs 6310.79 crore.

The promoters holding in the company stood at 45.03% while Institutions and Non-Institutions held 20.28% and 34.69% respectively.

Pipavav Defence and Offshore Engineering Company has incorporated a joint venture company (JVC) along with Mazagon Dock, a defence public sector undertaking in the name of ‘Mazagon Dock Pipavav Defence’ on December 03, 2012.

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 spread over around 95 hectares of land and another export oriented unit (EOU) spread over around 103.92 hectares of land.

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