Duke Offshore up 20%, bags order from Indian Navy

Moneycontrol BureauShares of Duke Offshore has locked at 20 percent upper circuit as it has secured a contract from Indian Navy to provide 2 fast interceptor crafts (FICs), on the East Coast of India.The company has been providing these FICs to the Indian Navy since 2009.For the quarter ended June 2016, the company had reported a net profit of Rs 42.79 lakh against net profit of Rs 1.26 crore, in the same quarter last year.At 13:23 hrs Duke Offshore was quoting at Rs 61.65, up Rs 10.25, or 19.94 percent on the BSE.There were pending buy orders of 21,475 shares, with no sellers available.Posted by Rakesh Patil