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Alphageo rises on bagging contracts worth Rs 45.88 crore from GSI

24 Dec 2018 Evaluate

Alphageo (India) is currently trading at Rs. 470.55, up by 4.80 points or 1.03% from its previous closing of Rs. 465.75 on the BSE.

The scrip opened at Rs. 468.70 and has touched a high and low of Rs. 478.00 and Rs. 468.70 respectively. So far 588 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1052.65 on 10-Jan-2018 and a 52 week low of Rs. 431.10 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 491.20 and Rs. 461.20 respectively. The current market cap of the company is Rs. 298.51 crore.

The promoters holding in the company stood at 44.66%, while Institutions and Non-Institutions held 1.56% and 53.79% respectively.

Alphageo (India) has been awarded contracts from Geological Survey of India (GSI) for conducting the airborne geophysical surveys over 2 identified blocks in and around Obvious Geological Potential Areas of India with an estimated Contract Value aggregating to Rs 45.88 crore.

The company's pursuance in diversifying its activities into other form of geophysical services will become real by achieving these contracts. These projects will be executed with the technical support from internationally renowned player in conducting airborne geophysical services.

Alphageo (India) is a seismic survey service provider. The company is engaged in seismic survey data acquisition, processing and interpretation services.

Alphageo India Share Price

228.70 2.35 (1.04%)
17-Apr-2026 16:59 View Price Chart
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