Aban Offshore sets sail on new order

-

Aban Offshore gained 2.15% to Rs 4106 at 11:40 IST on BSE after the company said its subsidiary has secured a contract worth about $25 million from PTTEP International.

The company made this announcement during trading hours today, 28 February 2008.

On BSE, 15,317 shares were traded in the counter. The scrip had an average daily volume of 20,167 shares in the past one quarter.

The stock hit a high of Rs 4153 and a low of Rs 4011 so far during the day. The stock had a 52-week high of Rs 5555 on 20 November 2007 and a 52-week low of Rs 1700 on 16 March 2007.

The mid-cap scrip had outperformed the market over the past one month till 27 February 2008, gaining 3.65% compared to the Sensex's decline of 1.47%. It had underperformed the market in the past one quarter, declining 11.20% compared to Sensex's decline of 6.20%.

The company's current equity is Rs 7.56 crore. Face value per share is Rs 2.

The current price of Rs 4106 discounts its Q3 December 2007 annualized EPS of Rs 50.62, by a PE multiple of 81.11.

The contract is to be executed within four months. Thailand based PTTEP International is engaged in oil exploration and production. PTTEP International is a subsidiary of PTT Exploration and Production Public.

In December 2007, Aban Offshore's subsidiary entered into a contract with Chevron Offshore (Thailand) for provision of the jack-up drilling rig, Deep Driller 2.

Aban Offshore's net profit rose 129.8% to Rs 47.77 crore on 34% growth in net sales to Rs 169.07 crore in Q3 December 2007 over Q3 December 2006.

Aban Offshore is India's largest private sector offshore drilling entity. It provides oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad

Popular posts from this blog

IOB capitalises on hike in stake by LIC

-
Indian Overseas Bank rose 1.53% to Rs 46.45 at 10:31 IST on BSE, after the biggest domestic instutional investors Life Insurance Corporation of India hiked its stake in the state-run bank. The bank made this announcement after trading hours on Wednesday, 25 March 2009. Meanwhile, the BSE Sensex was up 126.19 points, or 1.31%, to 9,794.09. On BSE, 31,003 shares were traded in the counter. The stock had an average daily volume of 1.93 lakh shares in the past one quarter. The stock hit a high of Rs 47 and a low of Rs 45.95 so far during the day. The stock hit a 52-week high of Rs 156.80 on 2 May 2008 and a 52-week low of Rs 37.55 on 9 March 2009. The mid-cap bank stock had underperformed the market over the past one month till 25 March 2009, falling 3.17% as compared to the Sensex's 8.60% rise. It had also underperformed the market in the past one quarter, declining 33.94% as compared to the Sensex's 1.04% rise. The bank's current equ The current price of ...
Read more

Lok Housing & Constructions builds on fund raising plans

-
Lok Housing & Constructions jumped 6.99% to Rs 107.90 at 11:20 IST on BSE ahead of a board meeting to consider fund raising options from both foreign and local market, including an institutional placement. Meanwhile, the BSE Sensex was down 50.50 points, or 0.30%, at 15203.73. On BSE, 1.86 lakh shares were traded in the counter. The scrip had an average daily volume of 4.74 lakh shares in the past one quarter. The stock hit a high of Rs 115 and a low of Rs 102 so far during the day. The stock had a 52-week high of Rs 390.50 on 1 January 2008 and a 52-week low of Rs 96.25 on 12 June 2008. The scrip had underperformed the market over the past one month till 12 June 2008, falling 26.55% compared to the Sensex's 10.18% decline. It had also underperformed the market in the past one quarter, falling 31.39% compared to Sensex's 3.24% fall. The small-cap housing projects developer has an equity capital of Rs 42.88 crore. Face value per share is Rs 10. The current...
Read more

Griffin Chemicals surges on re-listing

-
Griffin Chemicals was trading at Rs 29, up 2220% on re-listing after six years on Bombay Stock Exchange (BSE). The counter saw miniscule volume of 4769 shares. The stock opened at Rs 23, up 1740% against its last traded price of Rs 1.25 on 8 August 2002. The Griffin Chemicals stock was highly volatile today. It opened at Rs 23 and then rallied ahead to Rs 50 but soon eased to a low Rs 22. The surge in Griffin shares reminds of unprecedented rise in stock prices of KGN Industries on its re-listing day. KGN Industries, run by Ahmedabad-based Memon family, had re-listed at Rs 100 per share after nearly seven years in May 2008 this year. The stock had risen to a high of Rs 55,000.
Read more