Western India Shipyard shines on bagging order worth Rs 40 crore from Indian Navy

21 Jan 2013

Western India Shipyard is currently trading at Rs. 5.27, up by 0.28 points or 5.61% from its previous closing of Rs. 4.99 on the BSE.

The scrip opened at Rs. 4.99 and has touched a high and low of Rs. 5.40 and Rs. 4.91 respectively. So far 62,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 9.70 on 17-Feb-2012 and a 52 week low of Rs. 4.41 on 31-Dec-2012.

Last one week high and low of the scrip stood at Rs. 5.25 and Rs. 4.72 respectively. The current market cap of the company is Rs. 155 crore.

The promoters holding in the company stood at 60.15% while Institutions and Non-Institutions held 10.92% and 28.92% respectively.

Western India Shipyard has secured an order from the Indian Navy for construction of two ‘Battle Practice Target’ vessels with estimated revenue of about Rs 40 crore.

Western India Shipyard offers services such as routine maintenance and damage repairs, cargo hold/tank space blasting and coating, main engine overhauls, rudder, propeller and tail shaft repairs, and cargo gear overhaul and repairs.

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