Seamec rises on entering into contract worth $900,000 with Synergy Subsea Engineering

08 Jan 2016

Seamec is currently trading at Rs. 105.00, up by 4.40 points or 4.37% from its previous closing of Rs. 100.60 on the BSE.

The scrip opened at Rs. 104.70 and has touched a high and low of Rs. 106.40 and Rs. 104.00 respectively. So far 2,185 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.00 on 03-Nov-2015 and a 52 week low of Rs. 84.15 on 29-Apr-2015.

Last one week high and low of the scrip stood at Rs. 108.00 and Rs. 100.00 respectively. The current market cap of the company is Rs. 355.95 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 0.85% and 24.15% respectively.

Seamec has entered into a contract for the charter hire of vessel ‘Seamec Princess’ with Synergy Subsea Engineering LLC, for undertaking job in Persian Gulf. The tenure of the contract would be around 30 days. The contract commenced on January 10, 2016. The value of charter would be around $900,000.

Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, deep sea diving, and inspection of underwater structures, repairs and maintenance of offshore platform fire-fighting services and rescue operations.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323