Alphageo (India) freezes at 20% upper circuit on strong growth outlook

The company said it has an order pipeline in excess of Rs 360 crore and hopes to secure some projects towards the close of the financial year, which will further bolster order book

Share of Alphageo (India) were locked in the 20 per cent upper circuit band at Rs 409.50, also its 52-week high, on the BSE on Monday on expectation of strong earnings growth during the financial year 2021-22 (FY22). Till 01:36 pm, a combined 914,000 equity shares had changed hands and there were a combined buy orders for 89,000 shares on the NSE and BSE.

Alphageo is India's largest onland integrated seismic services player in the private sector. The company is engaged in providing geophysical data acquisition, processing and interpretation services for oil and gas exploration companies. Its services include