/ Aban Offshore Up 3% On Completion Of Stakes Acquisition In Group Company ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 3 January 2017


Aban Offshore Ltd is currently trading at Rs 237.2, up by Rs 6.9 or 3% from its previous closing of Rs 230.3 on the BSE. Aban Offshore announced the completion of sale of 59% equity shares held by Aban Offshore in Aban Green Power and Radhapuram Wintech - subsidiaries of Aban Offshore. The company also completed the transaction for acquisition of 49% equity shares in Aban Drilling Services.

The scrip opened at Rs 233.5 and has touched a high and low of Rs 239.6 and Rs 233.5 respectively. So far 1234109 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1344.15 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 286 on 25-Oct-2016 and a 52 week low of Rs 142.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 234.85 and Rs 217.25 respectively.

The promoters holding in the company stood at 46.96 % while Institutions and Non-Institutions held 5.44 % and 47.6 % respectively. The stock is currently trading above its 50 DMA.
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