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Aban Offshore vaults on foreign fund buying

Capital Market / 11:51 , Feb 03, 2012

Aban Offshore gained 2.09% to Rs 555.45 at 11:48 IST on BSE after Goldman Sachs Investments Mauritius bought 1.02% stake in the offshore drilling firm on Thursday, 2 February 2012.

Meanwhile the BSE Sensex was up 1.23 points, or 0.01%, to 17,433.08

On BSE, 6.42 lakh shares were traded in the counter compared with average volume of 1.97 lakh shares over the past one quarter.

The stock hit a high of Rs 565.40 and a low of Rs 545.10 so far during the day. The stock had hit 52-week high of Rs 718.90 on 8 April 2011 and a 52-week low of Rs 324.45 on 20 December 2011.

The mid-cap stock had outperformed the market over the past one month till 2 February 2012, surging 63.12% compared with the Sensex's rise of 12.33%. The scrip also outperformed the market in past one quarter, gaining 26.20% as against 0.19% decline in the Sensex

The company has an equity capital of Rs 8.70 crore. Face value per share is Rs 2.

Foreign fund Goldman Sachs Investments Mauritius bought 1.02% stake or 4.47 lakh shares at Rs 504.25 per share of Aban Offshore through a bulk deal on the NSE on Thursday, 2 February 2012.

On a consolidated basis, Aban Offshore's net profit rose 17.9% to Rs 73.15 crore on 11.3% rise in net sales to Rs 865.87 crore in Q3 December 2011 over Q3 December 2010.

 



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