Alphageo (India) extends recent rally
Alphageo (India) rose 4.28% at Rs 555 at 9:24 IST on BSE, with the stock extending recent rally triggered by the company securing a contract worth Rs 10.42 crore from Oil India, Duliajan, Assam.
Meanwhile, the S&P BSE Sensex was up 199.50 points or 0.73% at 27,441.28.
On BSE, so far 6,167 shares were traded in the counter as against average daily volume of 18,000 shares in the past two weeks.
The stock hit a high of Rs 559.80 and a low of Rs 541.40 so far during the day.
Shares of Alphageo (India) have risen 16.64% in three trading sessions from Rs 475.80 on 23 December 2014, after the company during market hours on 24 December 2014 said it has secured a contract worth Rs 10.42 crore from Oil India, Duliajan, Assam.
Alphageo (India) reported net loss of Rs 1.45 crore in Q2 September 2014, higher than net loss of Rs 2.47 crore in Q2 September 2013. Net sales rose 1018.2% to Rs 3.69 crore in Q2 September 2014 over Q2 September 2013.
Alphageo (India) is the largest onshore integrated seismic service provider in the private sector and enjoys a market leadership in seismic survey.
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