Global Vectra Helicorp trades higher on moving Delhi HC against DGCA blacklisting

Intensifying tide of Tatra truck scam had submerged the Indian arm of Czechoslovakia based truck-maker Tatra - Global Vectra Helicorp as the Directorate General of Civil Aviation (DGCA) had blacklisted the company last week. DGCA also scraped the permit as the home ministry raised security concerns. However, Global Vectra Helicorp has moved to Delhi High Court against DGCA’s blacklisting.

Global Vectra Helicorp is currently trading at Rs. 11.50, up by 0.74 points or 6.88% from its previous closing of Rs. 10.76 on the BSE.

The scrip opened at Rs. 11.00 and has touched a high and low of Rs. 11.50 and Rs. 11.00 respectively. So far 873 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.25 on 11-May-2011 and a 52 week low of Rs. 10.37 on 08-May-2012.

Last one week high and low of the scrip stood at Rs. 13.89 and Rs. 10.37 respectively. The current market cap of the company is Rs. 16.10 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 2.56% and 22.44% respectively.

The company along with state-owned BEML has been under scanner after Army chief alleged bribe offering of Rs 14 crore to clear the Tatra deal. Presently, CBI is investigating the case.