The stock has soared 12 percent in opening trades on the BSE.
ABG Shipyard zoomed 13 percent to touch a high of Rs. 187 in opening deals following news reports that the company is in the final stage of selling a majority stake.
According to media reports, ABG Shipyard is close to signing a deal with Germany-based Privinvest Holding to sell up to 49 per cent stake in the company.
The stock is now up 8 percent at Rs. 181.40. The counter has seen trades of around 218,000 shares so far on the BSE.
The stock has rallied nearly 31 percent so far this month.
Meanwhile, the Sensex has started the day on a tentative note and is now up 27 points at 26,398.
According to media reports, ABG Shipyard is close to signing a deal with Germany-based Privinvest Holding to sell up to 49 per cent stake in the company.
The stock is now up 8 percent at Rs. 181.40. The counter has seen trades of around 218,000 shares so far on the BSE.
The stock has rallied nearly 31 percent so far this month.
Meanwhile, the Sensex has started the day on a tentative note and is now up 27 points at 26,398.
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