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Pipavav Defence and Offshore Engineering Company is currently trading at Rs. 80.60, up by 0.70 points or 0.88% from its previous closing of Rs. 79.90 on the BSE.
The scrip opened at Rs. 81.40 and has touched a high and low of Rs. 81.40 and Rs. 80.25 respectively. So far 98,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.00 on 29-Sep-2010 and a 52 week low of Rs. 61.20 on 22-Aug-2011.
Last one week high and low of the scrip stood at Rs. 83.45 and Rs. 77.10 respectively. The current market cap of the company is Rs. 5,366.00 crore.
The promoters holding in the company stood at 45.00% while Institutions and Non-Institutions held 20.11% and 34.90% respectively.
Pipavav Defence and Offshore Engineering Company (formerly known as Pipavav Shipyard), SKIL Infrastructure, and Airbus Industry, France, have signed a Memorandum of Understanding (MOU) to develop state-of-the-art M.R.O. (Maintenance, Repair and Overhaul) facilities and associated infrastructure in India.
This will be a one of its kind joint venture being set up in India with equity participation from EADS, France, which with revenue upwards of $30 billion, is the global leader in defence and aerospace equipment and a valuable partner for the joint venture.
EADS will pick up 26% equity in the project and may further increase it to 49%. Meanwhile, the company will be holding 51% stake in the JV Company. The 1st phase MRO facilities and associated infrastructure is likely to cost $100 millions. Further, the MRO facilities and associated infrastructure will be used for civilian and military applications.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 247.20 |
| GE Shipping | 1157.35 |
| Dredging Corp | 861.55 |
| Shreyas Shipping | 337.20 |
| Seamec | 1089.50 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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