ABG Shipyard surged 6.8% to Rs 247.35 at 10:46 IST on BSE after DB International (Asia) bought a total of 9.50 lakh shares of ABG Shipyard in bulk deals on BSE and National Stock Exchange yesterday, 25 February 2015.
Meanwhile, the S&P BSE Sensex was down 64.72 points or 0.22% at 28,943.27.
On BSE, so far 6.04 lakh shares were traded in the counter as against average daily volume of 85,516 shares in the past one quarter.
The stock hit a high of Rs 256.85 and a low of Rs 234.20 so far during the day. The stock had hit a 52-week high of Rs 310 on 2 June 2014. The stock had hit a 52-week low of Rs 188 on 9 February 2015.
The stock had outperformed the market over the past one month till 25 February 2015, jumping 11.03% compared with the Sensex's 0.93% fall. The scrip had, however, underperformed the market in past one quarter, advancing 1.89% as against Sensex's 2.36% rise.
The small-cap company has equity capital of Rs 53.52 crore. Face value per share is Rs 10.
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DB International (Asia) bought 2.90 lakh shares of ABG Shipyard at Rs 228.07 per share in a bulk deal on BSE yesterday, 25 February 2015. Further, it bought another 6.60 lakh shares at Rs 229.41 per share in a bulk deal on NSE.
ABG Shipyard reported a net loss of Rs 294.46 crore in Q3 December 2014, higher than net loss of Rs 156.08 crore in Q3 December 2013. Net sales declined 89.3% to Rs 30.56 crore in Q3 December 2014 over Q3 December 2013.
ABG Shipyard is the largest private sector shipbuilding yard in India.
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