Premium
This is an archive article published on September 13, 2011

Profit-taking hits Pipavav Defence shares

The stock has risen 18% in last four sessions because of the link with Rakesh Jhunjhunwala mainly.

google-preferred-btn

Pipavav Defence and Offshore Engineering Ltd’s shares fell nearly 3 percent on profit taking in early trades in a market that rose 1.22 percent,dealers said.

The stock has risen 18 percent in last four trading sessions.

On Sept 6 after market hours,the company had said its board approved issuing convertible warrants to a clutch of investors,including billionaire investor Rakesh Jhunjhunwala,at 78 rupees a warrant.

Story continues below this ad

On Monday,the stock had risen 11.6 percent after the company formed a joint venture with state-run Mazagon Dock to build submarines and warships.

At 11.06 a.m.,the stock was at 89.30 rupees,down 2.03 percent.

Company INFO More on Pipavav Defence

Stocks More on Pipavav Defence

Latest Comment
Post Comment
Read Comments
Advertisement
Express shorts
Commerce Minister Piyush Goyal with US Commerce Secretary Howard Lutnick (Image: Piyush Goyal X/File Photo)
India, US start drafting trade deal; US delegation likely to visit India: Official
Business7 hr ago

India and the US are in talks to finalize a trade deal following successful negotiations in Washington. India's Commerce Minister has stated that any deal will prioritize national interest and explore new markets. He also stressed the importance of making decisions in the best interest of the country, rather than under pressure.

View all shorts
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Commerce Minister Piyush Goyal with US Commerce Secretary Howard Lutnick (Image: Piyush Goyal X/File Photo)
India and US begin work on trade draft; Goyal underlines: No deal with a ‘gun to the head’
The company said it will adhere to “applicable sanctions and regulatory frameworks and will be adapting the refinery operations to meet the compliance requirements”.
Will ‘fully comply’ with Govt guidance on Russian oil sanctions, says RIL
Kader Khan
EntertainmentThis actor-writer, raised in Kamathipura, once set conditions before working with Dilip Kumar; disrupted Bollywood with his witty dialogues
amitabh bachchan and piyush pandey
Entertainment'Amitabh Bachchan will shout at people?': Piyush Pandey created Big B's 'angry old man' image for India's most effective ad campaign
AI job scams in India
TrendingCyber expert warns how AI is used to trap people, says criminals are targeting teenagers: ‘25,000 log gayab hue hain job ke naam par’
Drunk passenger sparks chaos on Bengaluru-Delhi Akasa flight
TrendingDrunk passenger sparks chaos on Bengaluru-Delhi Akasa flight, crew forced to physically remove him: ‘Yeh kya zabardasti hai?’
IND vs AUS 3rd ODI Live Cricket Score: Follow India vs Australia live updates from Sydney.
SportsIndia vs Australia Live Cricket Score, 3rd ODI
A lot of Indian students in the SCG stands talk about the new Indian identity they got post Kohli., (AP Photo/Express Photo by Divya A)
SportsSydney gets ready for Virat Kohli darshan ... maybe for one last time
Harsha Bhogle writes, Piyush Pandey, Harsha Bhogle on Piyush Pandey, Harsha Bhogle on Piyush Pandey ads, Ogilvy & Mather (O&M), editorial, Indian express, opinion news, current affairs
OpinionPiyush Pandey, the man who took Indian ads to the world
Prime Minister Narendra Modi presenting makhana to Mauritius President Dharambeer Gokhool at Port Louis, in Mauritius on March 11, 2025. (PIB)
ExplainedThe politics of makhananomics: Behind government’s push to boost Bihar’s makhana industry
Jennifer Lopez on lifting weights to stay fit
Lifestyle'I work smarter, not harder': Jennifer Lopez reveals why she lifts weights to stay effortlessly fit
Pivotal’s ultralight eVTOL can fly 20 miles on a single charge, and doesn’t require a pilot’s licence under FAA rules. (Image: Pivotal)
Watch: This futuristic Rs 1.6 crore flying car can be flown by anyone, no licence needed
Advertisement
Must Read
SportsIndia vs Australia Live Cricket Score, 3rd ODI
IND vs AUS 3rd ODI Live Cricket Score: Follow India vs Australia live updates from Sydney.
SportsSydney gets ready for Virat Kohli darshan ... maybe for one last time
A lot of Indian students in the SCG stands talk about the new Indian identity they got post Kohli., (AP Photo/Express Photo by Divya A)
SportsAxar Patel, the goofball with gumption: Winning like a skilled all-rounder - baaki gayu tel leva
India needs to warm up to all-rounders like Axar Patel, value their worth and not dismiss them as utility cricketers. (AP Photo)
Watch: This futuristic Rs 1.6 crore flying car can be flown by anyone, no licence needed
Pivotal’s ultralight eVTOL can fly 20 miles on a single charge, and doesn’t require a pilot’s licence under FAA rules. (Image: Pivotal)
He lost Rs 11 lakh after an e-SIM upgrade: Why OTPs and SIM-based security are no longer safe
The e-SIM upgrade scam shows how easily digital identities can be hijacked with just a phone call. (Image: FreePik)
TechnologyWhat OpenAI’s acquisition of Sky, an AI Interface for Mac, tells us about the future of ChatGPT and potential hardware devices
Sky, a Mac-based AI assistant developed by ex-Apple engineers, is now part of OpenAI’s growing push to bring ChatGPT into desktop computing. (Expresss Image)
Lifestyle'I work smarter, not harder': Jennifer Lopez reveals why she lifts weights to stay effortlessly fit
Jennifer Lopez on lifting weights to stay fit
Advertisement
Buzzing Now
TrendingCyber expert warns how AI is used to trap people, says criminals are targeting teenagers: ‘25,000 log gayab hue hain job ke naam par’
AI job scams in India
TrendingDrunk passenger sparks chaos on Bengaluru-Delhi Akasa flight, crew forced to physically remove him: ‘Yeh kya zabardasti hai?’
Drunk passenger sparks chaos on Bengaluru-Delhi Akasa flight
TrendingKerala couple registers marriage instantly via Video KYC, goes viral as state embraces digital governance: ‘100% literacy for a reason’
Kerala digital marriage Video KYC
TrendingViral video shows people setting off fireworks from moving cars on London streets during Diwali: ‘Import third world people, become third world country’
Diwali fireworks London street
TrendingAditi Mittal recalls how an Air India flight attendant helped her cope with her father’s death: ‘Preeti was a better therapist than most ones I’ve come across’
Aditi Mittal Air India flight attendant
Oct 25: Latest News
Advertisement