/ Asian Oilfield Services' Subsidiary Bags US$ 57 Mn Order Stocks Up 11% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 27 December 2016


Asian Oilfield Services informed the exchanges that one of its wholly owned subsidiaries, Asian Oilfield and Energy Services  DMCC, Dubai has received a binding Letter of Intent for providing operations and maintenance services for an offshore production unit operating at an oil field in offshore Nigeria.

The duration for services is 3 years with approximate value of US$ 57 million. Asian Oilfield Services Ltd is currently trading at Rs 119.5, up by Rs 11.6 or 10.75% from its previous closing of Rs 107.9 on the BSE.

The scrip opened at Rs 107.9 and has touched a high and low of Rs 121.4 and Rs 107.9 respectively. So far 480765(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 240.83 crore.

The BSE group 'XD' stock of face value Rs 10 has touched a 52 week high of Rs 124 on 14-Dec-2016 and a 52 week low of Rs 27.9 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 119.95 and Rs 104.55 respectively. The promoters holding in the company stood at 56.32 % while Institutions and Non-Institutions held 0 % and 43.68 % respectively. The stock is currently trading above its 50 DMA.
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