Pipavav Shipyard Prospects Tied to Orders

Sunday, October 11, 2009

According to an Oct. 9 report from The Wall Street Journal, India's Pipavav Shipyard Ltd. made a muted debut on the stock exchanges. The shares of the shipbuilding, repair and fabrication company opened at $1.30, 3.8% above the offer price of 58 rupees. However, they closed trading 2.1% down at 56.80 rupees, with volume of 50.39 million shares on the Bombay Stock Exchange.

(Source: The Wall Street Journal)

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