Pipavav Shipyard Prospects Tied to Orders
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)