Aban Offshore to sell power biz; stock gains 2.8%

Aban Offshore is going to sell its power business. The company may fetch over Rs 550 crore, reports The Economic Times.

It touched an intraday high of Rs 360.90 and an intraday low of Rs 334. At 09:26 hrs the share was quoting at Rs 358, up Rs 10.05, or 2.89%.
 
It was trading with volumes of 21,673 shares. In the previous trading session, the share closed up 0.48% or Rs 1.65 at Rs 347.95.

The company's trailing 12-month (TTM) EPS was at Rs -27.48 per share. (Mar, 2012). The latest book value of the company is Rs 438.99 per share. At current value, the price-to-book value of the company was 0.82. The dividend yield of the company was 1.01%.