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Last Updated : Jan 17, 2017 12:04 PM IST | Source: Moneycontrol.com

Asian Oilfield jumps up 5% on Rs 143 cr worth order win

The contract has been bagged for 2D Seismic Data acquisition from Oil India in Manipur, the company said in a statement to the stock exchanges.

 
 
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Shares of Asian Oilfield soared over 5 percent intraday on Tuesday after it received an order worth Rs 142.8 crore from Oil India.

The company has bagged a contract for 2D Seismic Data acquisition from Oil India in Manipur (Area-1) from the unappraised areas of North East India, it said in a filing to the exchanges.

The stock has seen a stellar performance over the past one year, with a mammoth jump of 234 percent. Continuing this trend, it has jumped over 100 percent in the past one month as well. In December, the stock had surged 11 percent intraday after its subsidiary received contracts worth USD 57 million.

At 11:15 hrs Asian Oilfield Services was quoting at Rs 135.45, up Rs 5.50, or 4.23 percent on the BSE. It has touched an intraday high of Rs 137.50 and an intraday low of Rs 130.50.

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First Published on Jan 17, 2017 12:04 pm
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