Great Offshore finally ended with a huge gain of 10.5% at Rs 559. Over 751,900 shares were traded on the BSE today.
ABG Shipyard extended gains and touched a high of Rs 217. The stock finally ended up 2% at Rs 209. The counters clocked a volume of 211,541 shares on the BSE today.
Bharati Shipyard ended at Rs 167 - up 2.5%. Ove 328,000 shares changed hands at the counter on the BSE today.
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(Updated at 1030 hrs)
ABG Shipyard, Bharati Shipyard and Great Offshore are in focus following the on-going bidding war. In about a week's time ABG Shipyard has raised the open offer price for Great Offshore from Rs 450 to Rs 520 per share. Meanwhile, market players are speculating of a likely couter bid from Bharati Shipyard.
Great Offshore has surged 10% on the back of revised open offer price. The stock opened at Rs 513 and zoomed to a high of Rs 579 which is also the all time high. The stock is now trading at Rs 558, up 10% from the previous close. The counter has clocked volumes of 272,545 shares so far on the BSE and the scrip has advanced 22% in a week's time.
ABG Shipyard opened at Rs 207 and touched a high of Rs 216. The scrip is now trading at Rs 213, up over 4% from the previous close. Only 84,152 shares have been traded at the counter on the BSE so far.
Bharati Shipyard today opened at Rs 164, slipped to a low of Rs 159 and then rebounded to touch a high of Rs 173. The scrip is now trading at Rs 172, up 5.5% from the previous close. The counter has seen trades of 151,961 shares on the BSE and the stock has added 13% in a week's time.
