India, Oct. 4 -- The shares of this micro-cap company majorly engaged in providing shipping services industry and provides diversified services such as manning & technical services and chartering & hiring services after the company continues to achieve recurring revenue despite challenges.

With the market capitalization of Rs. 812 Crores, the shares of ABS Marine Services Ltd were trading at around Rs. 331 per share which is 8 percent discount from its 52 week high of Rs. 360 per share and is trading at a P/E of 10.4 whereas industry P/E stands at 11.8

Recurring Revenue Provides Visibility ABS Marine's management pointed out that nearly 60% to 70% of the income is recurring, meaning long-term income. ABS Marine owns 12 ships, which in...