Aban Offshore was up 1.63% to Rs 212 at 15:22 IST on BSE, with the stock trimming intraday gains after the company reported consolidated net loss of Rs 181.75 crore in Q1 June 2016 compared with net profit of Rs 59.31 crore in Q1 June 2015.
The result was announced during market hours today, 12 August 2016.Meanwhile, the S&P BSE Sensex was up 285.54 points or 1.02% at 28,145.14.
On BSE, so far 3.54 lakh shares were traded in the counter as against average daily volume of 3.25 lakh shares in the past one quarter. The stock was volatile. The stock rose as much as 4.17% at the day's high of Rs 217.30 so far during the day. The stock lost as much as 0.23% at the day's low of Rs 208.10 so far during the day. The stock had hit a 52-week low of Rs 142.50 on 12 February 2016. The stock had hit a 52-week high of Rs 297 on 19 August 2015. The stock had underperformed the market over the past one month till 11 August 2016, sliding 9.46% compared with 0.84% rise in the Sensex. The scrip had also underperformed the market in past one quarter, advancing 1.78% as against Sensex's 8.84% rise.
The small-cap company has equity capital of Rs 11.67 crore. Face value per share is Rs 2.
Aban Offshore's total income declined 51.36% to Rs 481.18 crore in Q1 June 2016 over Q1 June 2015.
Aban Offshore offers a diverse range of offshore drilling services to clients in India and abroad.
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