Duke Offshore has been awarded a contract for its high speed crew boat Duke Command. The vessel will operate on the west coast of India to support specialized operations to the Indian arm of a multinational corporation.

The full charter contract will start with immediately effect.

The stock had underperformed the market over the past one month till Jan. 16, 2017, falling 0.25% compared with the Sensex's 3.01% rise. It underperformed the market in past one quarter, declining 12.23% as against 1.39% fall in the Sensex.

Duke Offshore is headquartered in Mumbai, India and is managed by a dynamic group of oil field and marine professionals. The company's engineering division has dedicated teams of engineers and support staff who are specialized in hook up and commissioning of offshore oil field platforms, their maintenance, modification and inspection services.

Shares of the company gained Rs 2, or 2.42%, to trade at Rs 84.75. The total volume of shares traded was 14,062 at the BSE (12.15 p.m., Tuesday).