This small-cap company wins two work orders from Oil and Natural Gas Corporation!

Sub-Topic: The stock closed above 3 per cent in today’s trade.

On February 6, 2023, Alphageo (India) Ltd informed in the exchange filing that it has received an Award of Contract from ONGC, Jorhat for seismic data acquisition in the long offset regional 2D (Phase-ll) Tripura area for an estimated contract value of Rs 20.79 crore (inclusive of taxes). The order has to be completed by February 2024.

The second work order is for seismic data acquisition in the long offset regional 2D (Phase-II) Cachar area for an estimated contract value of Rs 15.31 crore (inclusive of taxes). The order has to be completed by February 2024.

Alphageo (India) Ltd is engaged in providing seismic survey services to the oil exploration and production sector. Its comprehensive service range makes it possible for customers generally oil and gas exploration companies to identify subterranean deposits with efficiency and effectiveness.

Today, the stock opened at Rs 254.25, with a high and low of Rs 267.50 and Rs 254.25. The stock is currently trading at Rs 265.25, up by 3.59 per cent.   

 In the last 6 months, the shares of the company have given more than -5.00 per cent returns and on a YTD basis, the stock has given about -3.60 per cent returns. 

The stock has a 52-week high of Rs 440 and a 52-week low of Rs 243.50. The company has a ROCE of 6.74 per cent and an ROE of 4.39 per cent, with a market capitalisation of Rs 169 crore.