Shiv-Vani Oil & Gas is currently trading at Rs. 40.50, up by 0.75 points or 1.89% from its previous closing of Rs. 39.75 on the BSE.
The scrip opened at Rs. 40.70 and has touched a high and low of Rs. 41.50 and Rs. 38.70 respectively. So far 25,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.60 on 28-Apr-2012 and a 52 week low of Rs. 35.70 on 28-Mar-2013.
Last one week high and low of the scrip stood at Rs. 44.30 and Rs. 39.50 respectively. The current market cap of the company is Rs. 187.00 crore.
The promoters holding in the company stood at 54.73% while Institutions and Non-Institutions held 17.33% and 27.95% respectively.
Shiv-Vani Oil & Gas Exploration Services has commenced operations at Kakinada in Andhra Pradesh on the ONGC contract and it is going on smoothly, allaying misconceptions in certain quarters that ONGC had banned the company. The company has been awarded a contract by ONGC to install and operate one compressor along with one standby compressor at Kakinada which was expected to mobilize within 45 days from the date of order or before September 26, 2012. Shiv-Vani mobilized two compressors with engines on allocated site at Kakinada on time, but could not install it because of the force majeure reasons beyond its control, but no ban whatsoever by ONGC.
Shiv-Vani has clarified to ONGC on all the issues. Thus, the process of banning Shiv-Vani initiated by ONGC on grounds of alleged failure to commence the services in installation of compressors at the Kakinada processing facility has now been called off. ONGC is satisfied with Shiv-Vani’s performance at the site.
Shiv-Vani Oil & Gas Exploration Services, a world leader in upstream supply and support, has been the preferred exploration partner of Oil and Gas majors in India and the Middle East since 1989. Headquartered in New Delhi, India, the company offers a wide spectrum of services in the field of oil and natural gas exploration and production. Shiv-Vani conducts two dimensional (2D) and three dimensional (3D) land seismic and transit zone surveys.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
| View more.. | |
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