ABG Shipyard lost 10.99% to Rs 203.60 at 14:48 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 121.39 points or 0.41% at 29,340.88
On BSE, so far 1.87 lakh shares were traded in the counter as against average daily volume of 45,393 shares in the past one quarter.
The stock hit a high of Rs 229.95 and a low of Rs 202.70 so far during the day. The stock had hit a 52-week low of Rs 188 on 9 February 2015. The stock had hit a 52-week high of Rs 311.20 on 19 February 2014.
The stock had outperformed the market over the past one month till 19 February 2015, rising 7.04% compared with 4.25% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 0.24% as against Sensex's 5.1% rise.
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The small-cap company has equity capital of Rs 53.52 crore. Face value per share is Rs 10.
Shares of ABG Shipyard were on a roll recently, advancing 17.82% in two trading days to settle at Rs 228.75 on 19 February 2015 from a recent low of Rs 194.15 on 16 February 2015.
ABG Shipyard reported a net loss of Rs 294.46 crore in Q3 December 2014, higher than net loss of Rs 156.08 crore in Q3 December 2013. Net sales declined 89.3% to Rs 30.56 crore in Q3 December 2014 over Q3 December 2013.
ABG Shipyard is the largest private sector shipbuilding yard in India.
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