Alphageo (India) surges 11.4% in two sessions

Alphageo (India) surged 9.36% at Rs 530.05 at 15:18 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 42.60 points or 0.16% at 27,251.21.

On BSE, so far 53,000 shares were traded in the counter as against average daily volume of 12,243 shares in the past one quarter.

The stock hit a high of Rs 542 and a low of Rs 488.95 so far during the day. The stock hit a 52-week high of Rs 647.05 on 3 November 2014. The stock hit a 52-week low of Rs 51.10 on 23 December 2013.

The stock had outperformed the market over the past one month till 24 December 2014, declining 9.16% compared with Sensex's 4.53% fall. The scrip had also outperformed the market in past one quarter, advancing 0.52% as against Sensex's 1.73% rise.

The small-cap company has equity capital of Rs 5.63 crore. Face value per share is Rs 10.

Shares of Alphageo (India) have risen 11.4% in two 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. The stock had risen 1.87% to settle at Rs 484.70 on 24 December 2014.

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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