Bharati Shipyard

Bharati Shipyard sells stake to SCI

Bharti Shipyard sells stake to SCIOne of the main shipping companies in India, Bharati Shipyard has announced that it will be selling 15 per cent of its stake to Shipping Corporation of India (SCI).

It is ready with its Expression of Interest and will be filing it very soon. The current market capitalization of Bharati is 636 crore rupees and by selling 15 per cent it will be able to have 95.4 crore rupees.

Buy Bharati Shipyard For Target Rs 342

Buy Bharati Shipyard For Target Rs 342Stock market analysts have maintained 'buy' rating on Bharati Shipyard Ltd with an intraday target of Rs 335.

According to them, interested traders can purchase the stock above Rs 332 with a strict stop loss of Rs 329.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 342.

Shares of the company, on Tuesday (Feb 02), closed at Rs 329.70 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 352.80 and a low of Rs 44.55 on BSE.

Bharati Shipyard Intraday Buy Call

Bharati Shipyard Stock market analysts have maintained 'buy' rating on Bharati Shipyard Ltd with an intraday target of Rs 327.

According to them, interested traders can purchase the stock with a strict stop loss of Rs 310.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 335.

Shares of the company, on Monday (Feb 01), closed at Rs 320.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 352.80 and a low of Rs 44.55 on BSE.

Current EPS & P/E ratio of the stock stood at 50.13 & 6.60 respectively.

LIC hikes stake in Bharati Shipyard to 9.66 pc

LIC hikes stake in Bharati Shipyard to 9.66 pcLife Insurance Corporation has announced that it has purchased 2.62 per cent more stake in Bharati Shipyard and increased its stake to 9.66 per cent.

The sources said that the company has bought 7,21,746 shares for Rs 12.05 crore through open market transaction.

Prior to the acquisition, LIC holds 7.05 per cent stake in Bharati Shipyard.

Shares of Bharati Shipyard closed at Rs 167.10, down 0.15 per cent on the Bombay Stock Exchange (on Friday).

ABG Shipyard makes counter bid for Great Offshore

ABG Shipyard makes counter bid for Great OffshoreIndia's biggest non-state shipbuilder, ABG Shipyard, expedites its efforts to acquire 32.12 per cent stake in Great Offshore, counter bidding the offer made by its rival Bharati Shipyard, which already holds 15 per cent stake in the firm.

ABG, after the meeting of its board on Tuesday, offered Rs 375 a share as compared to Rs 344 per share offered by its rival, Bharati Shipyard.




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