Powerfulpicks call update: Don't panic on Pipavav Shipyard. Pipavav should not go down below 90 and it seems to be stabilizing around 95. Hold and buy a little more to bring down your average price. Pipavav should consolidate for a bit and then move back to 112-115 in 1-2 months time.
Some good news on Pipavav: In June 2010, this year, India's Ministry of Defense placed an order for 6 Naval 3,000 OPVs on Pipavav Shipyard Ltd a private yard on the west coast for Rs 3200 crores in the new 'Buy Foreign Design and Build in India' scheme. This is a huge order. The company will take some to stabilize its cash position and after that the script is poised to move to even 130 in next 15-18 months.
From: _______________
Subject: pipavav shipyard To: powerfulpicks@gmail.com
Date: Thursday, September 30, 2010, 4:04 AM
| Good Morning Sir.
I have purchsed 1000 quantity of pipavav @104.20 on 21.09.10 and now it is at 95.75. Should i book loss or buy more to make average low…plz reply
|
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