Alphageo (India) jumps after winning orders

Alphageo (India) jumped 4.89% to Rs 43.95 at 14:30 IST on BSE after the company secured two separate contracts worth an aggregate of Rs 47.87 crore for acquiring 2D and 3D seismic data.

The announcement was made during trading hours today, 29 November 2013.

Meanwhile, the BSE Sensex was up 231.82 points, or 1.13%, to 20,766.73.

On BSE, 2,291 shares were traded in the counter compared with average volume of 3,287 shares in the past one quarter.

The stock hit a high of Rs 43.95 and a low of Rs 40 so far during the day. The stock hit a 52-week high of Rs 59.30 on 17 January 2013. The stock hit a 52-week low of Rs 21.05 on 12 July 2013.

The stock had underperformed the market over the past one month till 28 November 2013, sliding 10.37% compared with the Sensex's 0.17% fall. The scrip had, however, outperformed the market in past one quarter, rising 76.79% as against Sensex's 14.11% rise.

The small-cap company has an equity capital of Rs 5.38 crore. Face value per share is Rs 10.

Alphageo (India) said it secured two separate contracts from GAIL (India) and Bharat Petro Resources for acquisition of 2D and 3D seismic data.

The contract from Bharat Petro Resources is for an estimated value of Rs 17.50 crore. The contract from GAIL (India) is for an estimated value of Rs 30.37 crore, the company said in a statement.

Alphageo (India) reported net loss of Rs 2.47 crore in Q2 September 2013 as against net loss of Rs 3.36 crore in Q2 September 2012. The company reported net sales of Rs 0.33 crore in Q2 September 2013. No sales were reported in Q2 September 2012.

Alphageo (India) is the largest onshore integrated seismic service provider in the private sector.

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