Reliance Group is planning to sign an agreement with Russian United Shipbuilding Company at Moscow for manufacturing Rs 30,000 crore worth of four frigates for the Indian Navy, says report.
Pipavav Defence & Offshore Engineering Company Ltd is currently trading at Rs. 97.5, up by Rs. 13.95 or 16.7% from its previous closing of Rs. 83.55 on the BSE.
The scrip opened at Rs. 85.7 and has touched a high and low of Rs. 97.65 and Rs. 85.25 respectively. So far 16098472(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6151.03 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 85 on 19-Feb-2015 and a 52 week low of Rs. 38.8 on 24-Dec-2014. Last one week high and low of the scrip stood at Rs. 84.6 and Rs. 71.85 respectively.
The promoters holding in the company stood at 42.24 % while Institutions and Non-Institutions held 17.13 % and 40.63 % respectively.
The stock is currently trading below its 50 DMA.
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