Business Standard

ABG Shipyard jumps as DB International purchases bulk shares

Image

Capital Market

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.

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.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 26 2015 | 10:40 AM IST

Explore News