Global Vectra Helicorp gains 12% on speculation of Rs 550 crore order

There is speculation in the markets that Global Vectra Helicorp has received an order worth Rs 550 crore.

Jan 10, 2017 11:01 IST India Infoline News Service

There is speculation in the markets that Global Vectra Helicorp has received an order worth Rs 550 crore. ONGC, India’s  largest oil exploration company is likely to bail out the order, for the supply of five helicopters for a period of three years. The stock on January 10 has witnessed a spurt in volumes by more than 5.13 times.
 
GVH did not have a good year on the bourses. The stock of the company, in the last one year has fallen by 10.42%. It is currently trading with a P/E of 13.95. In the last three years on an annualised basis, the stock has given a return of 118.02%. On a half yearly basis, the EPS of the company stands at Rs 8.49. 
 
HDFC Mutual Fund is the only fund house which has invested in the stock of the company. 
 
Stock View:
 
Global Vectra Helicorp Ltd is currently trading at Rs 122.15, up by Rs 8.95 or 7.91% from its previous closing of Rs 113.2 on the BSE.
 
The scrip opened at Rs 112.7 and has touched a high and low of Rs 127.9 and Rs 111.6 respectively. So far 942507(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 158.48 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 149 on 08-Jan-2016 and a 52 week low of Rs 62.4 on 24-Aug-2016. Last one week high and low of the scrip stood at Rs 114.6 and Rs 82.85 respectively.
 
The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 0 % and 25 % respectively.
 
The stock is currently trading above its 50 DMA.

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