Duke Offshore gets contract for high speed boat; soars by 8%

On Wednesday, Duke Offshore’s share rose by over 8% intraday, after the company reported about the winning of another new contract for high-speed boat Duke 3. A multi-national dredging company awarded the contract and will commence at the beginning of next month.
 
The new contract signifies high safety standards and on schedule performance, placing Duke Offshore as arguably a domestic market leader in high-speed patrol vessels and crew transportation.
 
At Rs 102 per share on BSE at 1422 hours, the stock was trading higher by 7.94%. It opened at Rs 94.10 per share. It touched its intraday high and low at Rs 107 and Rs 94.05 per share, respectively.