Wednesday 27 May 2015

Aban Offshore gains ahead of earnings

So far, the stock has surged over 5 percent from the day's low. 

Aban Offshore witnessed a sharply rally in early noon deals and jumped over 5 percent from the day's low of Rs. 387 to hit a high at Rs. 407, on hopes of positive earnings.

The company is scheduled to announce its results today.

Now, the stock is up over 1.5 percent at Rs. 401 on the BSE. So far 237,000 shares have changed hands at the counter as compared to its daily average volume of 135,000 shares in the past two weeks.

Meanwhile, the BSE Sensex is only down 16 points at 27,514.

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