Wednesday 6 April 2016

ABG Shipyard board to discuss strategy for induction of strategic partner

ABG Shipyard Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 08, 2016, to discuss general corporate issues. 

ABG Shipyard Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 08, 2016, to discuss general corporate issues, strategy for induction of Strategic Investor / Partner and authorize Monitoring Institution on behalf of CDR Lenders to appoint Investment Banker to identify a Strategic Investor / Partner etc.

ABG Shipyard Ltd is currently trading at Rs. 50, up by Rs. 2.05 or 4.28% from its previous closing of Rs. 47.95 on the BSE.

The scrip opened at Rs. 49.1 and has touched a high and low of Rs. 51 and Rs. 49.1 respectively. So far 261874(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 259.08 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 250 on 09-Apr-2015 and a 52 week low of Rs. 39.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 53 and Rs. 44.75 respectively.

The promoters holding in the company stood at 38.57 % while Institutions and Non-Institutions held 10.67 % and 50.76 % respectively.

The stock is currently trading below its 200 DMA.

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