ABG Shipyard lost 9.1% to Rs 279.60 at 14:16 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 82.23 points or 0.4% at 20,640.74
On BSE, so far 2.81 lakh shares were traded in the counter as against average daily volume of 49,734 shares in the past one quarter.
The stock hit a high of Rs 304.45 and a low of Rs 278.50 so far during the day. The stock had hit a 52-week low of Rs 227 on 24 September 2013. The stock had hit a 52-week high of Rs 376.90 on 19 February 2013.
The stock had outperformed the market over the past one month till 19 February 2014, rising 20.91% compared with the Sensex's 1.62% fall. The scrip had also outperformed the market in past one quarter, gaining 11.75% as against Sensex's 0.80% decline
The small-cap company has equity capital of Rs 50.92 crore. Face value per share is Rs 10.
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Shares of ABG Shipyard were on a roll recently, advancing 22.91% in two trading days to Rs 307.60 on 19 February 2014 from a recent low of Rs 250.25 on 17 February 2014.
Meanwhile, with reference to increase in volume, ABG Shipyard during market hours today, 20 February 2014 clarified that the company is in process of finalization of its Corporate Debt Restructuring (CDR) package. In addition to this, there is no significant development in operation/performance of the company, ABG Shipyard said in a statement.
ABG Shipyard reported a net loss of Rs 156.08 crore in Q3 December 2013 as against net profit of Rs 18.62 crore in Q3 December 2012. Net sales declined 39.2% to Rs 284.55 crore in Q3 December 2013 over Q3 December 2012.
ABG Shipyard is the largest private sector shipbuilding yard in India.
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