Seamec rises on entering into contract with Kreuz Subsea Technologies

06 Apr 2017

Seamec is currently trading at Rs. 94.30, up by 0.60 points or 0.64% from its previous closing of Rs. 93.70 on the BSE.

The scrip opened at Rs. 92.85 and has touched a high and low of Rs. 94.65 and Rs. 92.80 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.10 on 27-Jul-2016 and a 52 week low of Rs. 71.50 on 06-Apr-2016.

Last one week high and low of the scrip stood at Rs. 97.90 and Rs. 83.00 respectively. The current market cap of the company is Rs. 239.76 crore.

The promoters holding in the company stood at 72.87%, while Institutions and Non-Institutions held 0.58% and 26.55% respectively.

Seamec has entered into a contract for the charter hire of vessel ‘SEAMEC III’ with Kreuz Subsea Technologies, for undertaking a job in Mumbai High. The tenure of the contract is for a firm period of 25 days with option for extension. The contract will commence around April 7, 2017. The value of charter during firm period is $775,000. 

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