Tuesday 2 February 2016

Aban Offshore slumps 4%; Q3 net loss at Rs. 88.7 crore

The company posted a net loss after taxes, minority interest, and share of profit of associates of Rs. 88.7 crore for the quarter ended December 31, 2015 compared with Rs. 129.9 crore for the quarter ended December 31, 2014.


Aban Offshore Ltd was down 4% at Rs.182. The company posted a net loss after taxes, minority interest, and share of profit of associates of Rs. 88.7 crore for the quarter ended December 31, 2015 compared with Rs. 129.9 crore for the quarter ended December 31, 2014. 
Total income has decreased from Rs. 10164.51 mn for the quarter ended December 31, 2014 to Rs. 7374.45 mn for the quarter ended December 31, 2015.

The scrip opened at Rs. 183.9 and has touched a high and low of Rs. 184.9 and Rs. 182.25 respectively. So far 212466 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1109.82 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.5 on 05-Mar-2015 and a 52 week low of Rs. 175.7 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 193.5 and Rs. 185.25 respectively.

The promoters holding in the company stood at 47.01%, while Institutions and Non-Institutions held 13.93% and 39.06% respectively.

The stock is currently trading above its 200 DMA.

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