ABG Shipyard lost 3.21% to Rs 77 at 11:59 IST on BSE after IL&FS Financial Services offloaded 3.43 lakh shares of the company at an average price of Rs 83 per share in a bulk deal on the NSE yesterday, 23 November 2015.
Meanwhile, the S&P BSE Sensex was up 10.12 points or 0.04% at 25,829.46.
On BSE, so far 69,000 shares were traded in the counter as against average daily volume of 86,558 shares in the past one quarter.
The stock hit a low of Rs 76.50 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 81 so far during the day. The stock had hit a 52-week high of Rs 260 on 10 March 2015.
The stock had underperformed the market over the past one month till 23 November 2015, sliding 39.09% compared with Sensex's 6.01% fall. The scrip had also underperformed the market in past one quarter, declining 46.18% as against Sensex's 5.65% fall.
The small-cap company has equity capital of Rs 54.03 crore. Face value per share is Rs 10.
Videocon Realty & Infrastructure bought 3.41 lakh shares of ABG Shipyard at an average price of Rs 83 per share on the NSE yesterday, 23 November 2015.
ABG Shipyard reported net loss of Rs 478.18 crore in Q2 September 2015, higher than net loss of Rs 172.80 crore in Q2 September 2014. Net sales declined 86.8% to Rs 9.34 crore in Q2 September 2015 over Q2 September 2014.
ABG Shipyard is the largest private sector shipbuilding yard in India.
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