ABG Shipyard climbs 9.3%

ICICI Bank has acquired 1.10 crore equity shares of ABG Shipyard by exercising its option to convert compulsory convertible preference shares (CCPS) into equity.

Oct 05, 2016 05:10 IST India Infoline News Service

ABG Shipyard Ltd climbed 9.3% to Rs.33.55 on the BSE.

ICICI Bank
has acquired 1.10 crore equity shares of ABG Shipyard by exercising its option to convert compulsory convertible preference shares (CCPS) into equity.

The scrip opened at Rs. 30.6 and has touched a high and low of Rs. 34.75 and Rs. 30.5 respectively. So far 4860154(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 165.87 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 144 on 05-Oct-2015 and a 52 week low of Rs. 22.85 on 24-May-2016. Last one week high and low of the scrip stood at Rs. 34.15 and Rs. 29.5 respectively.

The promoters holding in the company stood at 18.23 % while Institutions and Non-Institutions held 11.83 % and 69.94 % respectively.

The stock is currently trading above its 200 DMA.

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