ABG rises on order book boost

DALAL STREET SPIKES

ABG Shipyard zoomed up by 7.19 per cent to end at Rs 489.60 a share on the back of the company's announcement that it had secured a Rs 1,460-crore order from the Thailand-based Precious Shipping.

The stock hit a high of Rs 515, also its 52-week high, with total traded volumes in excess of 1.5 lakh shares on the BSE. The company announced during market hours that the order was for construction of 12 vessels.