Western India Shipyard rose 4.94% to Rs 12.32 at 13:01 IST on BSE, extending gains for the fourth consecutive day, after the company bagged an order worth Rs 5 crore for the repair of a deep water oil rig named JUR Noble Ed Holt.
The company announced the new order win during trading hours on Thursday, 10 December 2009, when the stock had jumped 4.97% to Rs 11.19.
Meanwhile, the BSE Sensex was up 131.57 points, or 0.76%, to 17,250.60.
On BSE, 2.14 lakh shares were traded in the counter as against an average daily volume of 1.69 lakh shares in the past one quarter.
The stock hit a high of Rs 12.32 and a low of Rs 12.10 so far during the day. The stock had hit a 52-week high of Rs 13.99 on 25 August 2009 and a 52-week low of Rs 3.10 on 9 March 2009.
The stock has risen 17% in just four trading sessions from a recent low of Rs 10.53 on 8 December 2009.
The company's equity capital is Rs 23.42 crore. Face value per share is Rs 2.
The rig berthed on 7 December 2009 and the repair works have commenced, the company said in a filing with BSE.
Western India Shipyard reported a net loss of Rs 4.47 crore in Q2 September 2009, lower than net loss of Rs 7.33 crore in Q2 September 2008. Net sales declined 15.4% to Rs 17.24 crore in Q2 September 2009 over Q2 September 2008.
The company is engaged in building and repairing ships. It operates as a composite ship repair facility in India. It offers ship services, including routine maintenance and damage repairs.
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