Western Shipyard on a roll

DALAL STREETS PIKES

The stock price of Western India Shipyard (WISL) was locked at upper limit of 5 per cent to Rs 18 ahead of its board meeting to discuss ABG Shipyard's involvement in reviving the company.

WISL had recently undergone a corporate debt restructuring, under which institutions had increased their holding to 40 per cent in the company from 15.34 per cent in March 2007.The stock has risen 10.43 per cent over last week.