Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; gains over 140 per cent in a year!

Shares of the company have gained about 60 per cent in the last six months.

Shares of Asian Energy Services Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 65 per cent.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 46.02 crore which grew by 67.72 per cent YoY. The operating profit of the company stood at Rs 1.39 crore, while the PAT of the company stood at a loss of Rs 3.36 crore, which was 8.45 crore in last year same quarter.

Asian Energy Services Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 72.00 on October 03, 2022, to Rs 177.35 on September 29, 2023, an increase of about 140 per cent in one year holding period.

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Asian Energy Services Limited is an oilfield service and reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services and operation and maintenance services for oilfields. The company specialises in a geophysical range of onshore seismic and drilling services, including acquisition, imaging and field evaluation and two-dimensional and three-dimensional seismic data acquisition services.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.