Aban Offshore rose 5.58% to Rs 793 at 13:20 IST on BSE after consolidated net profit rose 104.32% to Rs 152.69 crore on 15.67% increase in total income to Rs 1027.78 crore in Q1 June 2014 over Q1 June 2013.
The result was announced during trading hours today, 31 July 2014.
Meanwhile, the BSE Sensex was down 17.64 points, or 0.07%, to 26,069.78.
On BSE, so far 7.19 lakh shares were traded in the counter, compared with an average volume of 4.68 lakh shares in the past one quarter.
The stock hit a high of Rs 803.90 and a low of Rs 747 so far during the day. The stock hit a 52-week high of Rs 939.90 on 8 July 2014. The stock hit a 52-week low of Rs 200.05 on 31 July 2013.
The stock had underperformed the market over the past one month till 30 July 2014, falling 1.23% compared with 2.65% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 46.20% as against Sensex's 16.37% rise.
The mid-cap company has an equity capital of Rs 10.87 crore. Face value per share is Rs 2.
Aban Offshore is India's largest offshore drilling contractor in the private sector, offering drilling and oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad.
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