ABG Infra gallops on hopes of clinching Kolkata port tender

ABG Infralogistics has galloped 17% to Rs 117 on reports that the company is close to clinch a tender for container handling at the Kolkata Port Trust (KoPT).

“ABG Infralogistics has turned out to be the lowest bidder for container handling at berth number five of Netaji Subhas Dock, under the Kolkata Dock System,” the Business Standard report suggests.

The port is likely to announce it officially after a board meeting on November 29, added report.

The stock opened at Rs 108 on the BSE, have seen a huge trading activities on the counter. Around 96,300 shares have already changed hands till noon deals against an average less than 4,000 shares that were traded daily in past ten trading days on the BSE.