Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; hits fresh 52-week high!
Shares of the company gained more than 110 per cent in the last six months.
Shares of Asian Energy Services Limited were locked in the upper circuit on Tuesday, 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. The stock also made a fresh 52-week high of Rs 283.20. In the last six months, the stock has gained about 110 per cent.
The company posted strong Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 45.48 crore which grew by 82.45 per cent YoY. The operating profit of the company stood at Rs 5.63 crore, while the PAT of the company stood at Rs 0.98 crore, from a loss of Rs 19.20 crore last year's same quarter. The PAT increased by about 1959 per cent on a YoY basis.
Asian Energy Services Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 89.90 on December 24, 2020, to Rs 283.15 on December 19, 2023, an increase of more than 200 per cent in a three-year holding period.
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. It is one of the few companies providing end-to-end services in the upstream oil segment.
Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 150 per cent!
-
Heavy buying and Rs 4,112 million order book: Back-to-back upper circuit in this multibagger stock; reports a 180 per cent jump in net profit!
-
Heavy buying: Back-to-back upper circuit in this multibagger IT stock; gains over 300 per cent!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; hits fresh 52-week high!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger IT company; stock gains over 2200 per cent!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; reports 690 per cent jump in net profit!
-
Heavy buying: Back-to-back upper circuit in this multibagger solar power stock; bags new order for solar power plant worth Rs 4.12 crore!
-
Rs 8,200 crore order book and 600 per cent returns: Vijay Kedia gains Rs 11,63,20,000 in this multibagger stock in just one day; hits fresh 52-week high!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 5,600 per cent!
-
Dark Horse Stock of the Day: Heavy Buying Cement Stock Rallies and Hits Upper Circuit Twice Today; Radhakishan Damani Holds 11.34 per cent Stake!
-
Rs 540 crore order book and Heavy buying: Back-to-back upper circuit in this multibagger stock; bags new orders worth Rs 19 crore!
-
2,500 per cent returns and FIIs increase stake: Ashish Kacholia gains Rs 24,47,03,175 in this small-cap multibagger stock in just one day!
-
Rs 1,747 crore order book and 1,800 per cent multibagger returns: This telecom infrastructure stock bags new order worth Rs 14,64,85,436!
-
Heavy buying and FIIs increase stake: Back-to-back upper circuit in this multibagger stock; gains over 250 per cent in a year!
-
Heavy buying and Rs 2,235 crore order book: Back-to-back upper circuit in this multibagger stock; Vijay Kedia owns 2.49 per cent stake!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; hits fresh 52-week high!
-
Heavy buying: Back-to-back upper circuit in this multibagger defence stock; gains over 400 per cent!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; reports 187 per cent jump in PAT!
-
Heavy buying: Back-to-back upper circuit in this multibagger railway stock; gains over 110 per cent!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 550 per cent!