Western Shipyard scrip sails high
Market grapevine has it that a UK-based foreign institutional investor is lapping up shares of Western India Shipyard in huge quantities.
By TNN |
MUMBAI: Market grapevine has it that a UK-based foreign institutional investor is lapping up shares of Western India Shipyard in huge quantities.
This FII is believed to have purchased close to 10 lakh shares over the past one week. A broker, who already holds a sizeable stake in the company, has also been accumulating additional shares.
Western India Shipyard was in news recently following reports that ABG Shipyard, along with some other companies, was in the race to acquire it. The company’s scrip ended 0.2% higher at Rs 18 on BSE on Friday. The stock has appreciated 12.6% over the past one week.
This FII is believed to have purchased close to 10 lakh shares over the past one week. A broker, who already holds a sizeable stake in the company, has also been accumulating additional shares.
Western India Shipyard was in news recently following reports that ABG Shipyard, along with some other companies, was in the race to acquire it. The company’s scrip ended 0.2% higher at Rs 18 on BSE on Friday. The stock has appreciated 12.6% over the past one week.
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