 "Alphageo (India) zooms over 70% in four days")
Alphageo (India) has moved higher to its fresh 52-week high of Rs 861, extending its past four days rally on the BSE.
In the current week, the stock zoomed 76% from Rs 488 on June 3, as compared to 0.02% fall in the S&P BSE Sensex.
The company engaged in seismic data acquisition and related services business on Tuesday announced that it has received letters of award for contracts from Oil And Natural Gas Corporation of India (ONGC) for an estimated value of Rs 1,482 crore.
“The company has been issued various letters of award of contracts by ONGC for acquisition of 2D seismic data in un-appraised on land areas of India sedimentary basins of India as part of National Seismic Program by March 2019. The estimated total value of the awards received is about Rs 1,482 crore inclusive of taxes,” Alphageo (India) said in a BSE filing.
The company has acknowledged the receipt of these letters of awards and has initiated the necessary steps to accept and execute the same, it added.
At 11:55 AM, the stock was up 5% at Rs 834 on the BSE as compared to 0.69% decline in the benchmark index. The trading volumes on the counter jumped an over 10-fold with a combined 1.37 million shares changed hands on the BSE and NSE so far.
In the current week, the stock zoomed 76% from Rs 488 on June 3, as compared to 0.02% fall in the S&P BSE Sensex.
The company engaged in seismic data acquisition and related services business on Tuesday announced that it has received letters of award for contracts from Oil And Natural Gas Corporation of India (ONGC) for an estimated value of Rs 1,482 crore.
“The company has been issued various letters of award of contracts by ONGC for acquisition of 2D seismic data in un-appraised on land areas of India sedimentary basins of India as part of National Seismic Program by March 2019. The estimated total value of the awards received is about Rs 1,482 crore inclusive of taxes,” Alphageo (India) said in a BSE filing.
The company has acknowledged the receipt of these letters of awards and has initiated the necessary steps to accept and execute the same, it added.
At 11:55 AM, the stock was up 5% at Rs 834 on the BSE as compared to 0.69% decline in the benchmark index. The trading volumes on the counter jumped an over 10-fold with a combined 1.37 million shares changed hands on the BSE and NSE so far.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%