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ABG Shipyard tumbles after reporting net loss in Q3
ABG Shipyard lost 4.71% to Rs 249.85 at 14:23 IST on BSE after the company reported a net loss of Rs 156.08 crore in Q3 December 2013 as against net profit of Rs 18.62 crore in Q3 December 2012.
The Q3 result was announced after market hours on Friday, 14 February 2014.
Meanwhile, the S&P BSE Sensex was up 73.53 points or 0.36% at 20,440.35.
On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 42,683 shares in the past one quarter.
The stock hit a high of Rs 261 and a low of Rs 245.25 so far during the day. The stock had hit a 52-week low of Rs 227 on 24 September 2013. The stock had hit a 52-week high of Rs 397.80 on 18 February 2013.
The stock had outperformed the market over the past one month till 14 February 2014, advancing 0.96% compared with the Sensex's 3.17% fall. The scrip had, however, underperformed the market in past one quarter, declining 4.31% as against Sensex's 0.16% fall.
The small-cap company has equity capital of Rs 50.92 crore. Face value per share is Rs 10.
ABG Shipyard's net sales declined 39.2% to Rs 284.55 crore in Q3 December 2013 over Q3 December 2012.
ABG Shipyard is the largest private sector shipbuilding yard in India.
Source: Business Standard
The Q3 result was announced after market hours on Friday, 14 February 2014.
Meanwhile, the S&P BSE Sensex was up 73.53 points or 0.36% at 20,440.35.
On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 42,683 shares in the past one quarter.
The stock hit a high of Rs 261 and a low of Rs 245.25 so far during the day. The stock had hit a 52-week low of Rs 227 on 24 September 2013. The stock had hit a 52-week high of Rs 397.80 on 18 February 2013.
The stock had outperformed the market over the past one month till 14 February 2014, advancing 0.96% compared with the Sensex's 3.17% fall. The scrip had, however, underperformed the market in past one quarter, declining 4.31% as against Sensex's 0.16% fall.
The small-cap company has equity capital of Rs 50.92 crore. Face value per share is Rs 10.
ABG Shipyard's net sales declined 39.2% to Rs 284.55 crore in Q3 December 2013 over Q3 December 2012.
ABG Shipyard is the largest private sector shipbuilding yard in India.
Source: Business Standard
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