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Asian Oilfield Services soars with arm receiving LOI from Amni

22 Oct 2018 Evaluate

Asian Oilfield Services is currently trading at Rs. 94.00, up by 2.40 points or 2.62% from its previous closing of Rs. 91.60 on the BSE.

The scrip opened at Rs. 92.50 and has touched a high and low of Rs. 96.15 and Rs. 92.50 respectively. So far 7473 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 297.45 on 10-Jan-2018 and a 52 week low of Rs. 69.95 on 10-Oct-2018.

Last one week high and low of the scrip stood at Rs. 97.20 and Rs. 83.25 respectively. The current market cap of the company is Rs. 365.32 crore.

The promoters holding in the company stood at 59.61%, while Institutions and Non-Institutions held 0.17% and 40.21% respectively.

Asian Oilfield Services’ wholly owned subsidiary -- Asian Oilfield & Energy Services DMCC, Dubai (Asian DMCC) has received a binding Letter of Intent (LOI) from Amni International Petroleum Development OML 52 Company (Amni) to commence engineering and project management work for upgrade of Amni's existing production facility under the forthcoming project contract of EPCC. The value of LOI is $1.4 million. Asian DMCC has signed and accepted the LOI.

Asian Oilfield Services provides range of services to reputed national and multinational companies. The company banks on the rich experience of well qualified professionals for providing seismic data acquisition, processing and Interpretation services.

Peers
Company Name CMP
ONGC 237.95
Oil India 479.00
Jindal Drilling&Inds 591.05
Deep Industries 766.55
Asian Energy Service 474.30
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