Business Standard

Bharati Shipyard ends at upper circuit on stake buy news

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BS Reporter Mumbai

The stock ended at the upper circuit of Rs 167, with 70,398 buy orders pending on the counter at the BSE today.
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(Updated at 1222 hrs)

Bharati Shipyard has soared 10% to hit its upper circuit limit of Rs 167 following the news of the shipping major's decision to buy an additional 20% in Great Offshore.

The stock opened 6% higher at Rs 161 and slipped to a low of Rs 158. Over 2,79,901 stocks have been traded on the BSE so far.
The stock is currently locked at its upper circuit limit with 50,273 buy orders pending at the counter.

 

Great Offshore, on the other hand, is up 4% at Rs 377 with over 2,55,731 stocks traded so far.

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First Published: Jun 01 2009 | 3:54 PM IST

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