Aban Offshore jumps after strong Q3 results

Aban Offshore rose 3.95% to Rs 500 at 14:05 IST on BSE after consolidated net profit surged 61.9% at Rs 129.98 crore on 0.95% growth in total income to Rs 1016.45 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced during market hours today, 28 January 2015.

Meanwhile, the S&P BSE Sensex was down 26.30 points or 0.09% at 29,544.74.

On BSE, so far 9.02 lakh shares were traded in the counter as against average daily volume of 3.71 lakh shares in the past one quarter.

The stock hit a high of Rs 514.40 and a low of Rs 481 so far during the day. The stock had hit a 52-week high of Rs 939.90 on 8 July 2014. The stock had hit a 52-week low of Rs 369.90 on 30 January 2014.

The stock had outperformed the market over the past one month till 27 January 2015, surging 15.11% compared with the Sensex's 8.55% rise. The stock had, however, underperformed the market in past one quarter, sliding 16.92% as against Sensex's 10.53% rise.

The small-cap company has equity capital of Rs 11.37 crore. Face value per share is Rs 2.

Aban Offshore, the flagship company of Aban group, provides offshore drilling services to companies engaged in exploration and production of oil and gas.

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