ABG Infralogistics was locked at 5% at Rs 170.25 at 15:25 IST on BSE after the company said it has purchased the 49% shareholding held by PSA India Pte in ABG Kolkata Container Terminal on 8 January 2015.
The announcement was made during market hours today, 9 January 2015.
Meanwhile, the BSE Sensex was up 181.74 points, or 0.67%, to 27,456.45.
On BSE, so far 22,002 shares were traded in the counter, compared with an average volume of 5,513 shares in the past one quarter.
The stock hit a high of Rs 170.25, also a 52-week high for the stock. The stock hit a low of Rs 157.05 so far during the day. The stock hit a 52-week low of Rs 38.80 on 12 March 2014.
The stock had outperformed the market over the past one month till 8 January 2015, gaining 74.35% compared with 3% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 137.93% as against Sensex's 3.92% rise.
The small-cap firm has an equity capital of Rs 11.97 crore. Face value per share is Rs 10.
Post share purchase, ABG Kolkata Container Terminal is a wholly owned subsidiary of ABG Infralogistics.
ABG Infralogistics' reported consolidated net loss of Rs 6.13 crore in Q2 September 2014 compared with consolidated net loss of Rs 11.53 crore in Q2 September 2013. Total income rose 26.9% to Rs 56.03 crore in Q2 September 2014 over Q2 September 2013.
ABG Infralogistics incorporated in 1983 specializes in ports and terminals, port services, crane hiring and project services.
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