ABG Shipyard is currently trading at Rs. 178.60, up by 11.35 points or 6.79% from its previous closing of Rs. 167.25 on the BSE.
The scrip opened at Rs. 174.00 and has touched a high and low of Rs. 186.70 and Rs. 172.70 respectively. So far 390439 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 295.00 on 12-Jun-2014 and a 52 week low of Rs. 127.15 on 03-Jun-2015.
Last one week high and low of the scrip stood at Rs. 188.00 and Rs. 148.55 respectively. The current market cap of the company is Rs. 989.13 crore.
The promoters holding in the company stood at 58.67% while Institutions and Non-Institutions held 14.77% and 26.56% respectively.
ABG Shipyard is reportedly in discussion with Germany-based Privinvest Holding to sell majority stake. Privinvest is expected to buy up to 49% stake in ABG Shipyard while the promoters of the company will continue as a minority shareholder post the deal. Both the entities entered into an exclusivity period for the transaction on May 29.
Privinvest Holding which has shipbuilding operations across the world is interested in picking majority stake in ABG Shipyard not only to have a presence in India but to also gain from its defence licence to build warships.
ABG Shipyard is engaged in the business of carrying shipbuilding and ship repair business. The company has emerged as the largest private sector shipbuilding yard in India with satisfied customer base all around the world.
| Company Name | CMP |
|---|---|
| Mazagon Dock Ship | 2655.95 |
| Cochin Shipyard | 1775.80 |
| VMS Industries | 24.41 |
| Knowledge Marine & E | 2121.90 |
| Laxmipati Engineerin | 305.00 |
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