ABG Shipyard shares gained 2.5 per cent in morning trade on Thursday.
At 10.40 am, the stock was up 2.39 per cent or Rs 5.50 at Rs 236.10 on the BSE.
The company allotted 1.28 million shares to its debt restructure lenders on a preferential basis at Rs 275.92 on Wednesday.
The company has started implementing its business restructuring, which is a medium to long-term positive for the stock, according to a trader.