Multibagger stock: This small-cap company has received a project worth Rs 80,77,90,775!
The stock gave 139.44 per cent in last 3 years and over 338 per cent in last 5 years.
Seamec Ltd, one of India's largest fleets of multi-functional vessels, informed that it has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for taking up some subsea installation works of ONGC, on a unit rate basis. The work scope will be executed over two working seasons, that is, till May 2024. The approximate total value of the contract at the maximum indicated quantity of scope of work shall be approximately Rs 80,77,90,775, exclusive of GST.
Today, shares of Seamec Ltd ended the trade session in the red, down 7.93 per cent to Rs 739.75 per share with an intraday high of Rs 802 and a low of Rs 736. The shares of the company saw a spurt in volume by more than 2.21 times on BSE.
SEAMEC Ltd owns and operates 4 multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. It has also diversified into main fleet shipping vertical by acquiring 3 bulk carriers of various sizes.
Talking about the financials, this transport services company has a market cap of Rs 1,881 crore with a CAGR of 34 per cent. The company reported positive numbers in both Quarterly Results and annual results.
The stock gave 139.44 per cent in last 3 years and over 338 per cent in last 5 years. Investors should keep an eye on this multibagger Small-Cap stock.