India's ABS Marine Services rises on 1.97 bln-rupee charter agreement

ABS Marine Services

05/11/2024 05:04

** Shares of ship management firm ABS Marine Services
 ABSM.NS  jump 7.4% to 252.05 rupees, set for the best day in
two months
    ** Co signs a charter party agreement with Schlumberger Asia
Services worth 1.97 billion rupees ($23.4 million) for the first
three years
    ** ABSM shares had lost about 9% in October for the fourth
straight month of losses
    ** Busiest session in over a week; 87,000 shares change
hands, 1.5x the 30-day avg 
    ** Stock has lost about 10% since listing in May

($1 = 84.1160 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))