Asian Oilfield Services locked at upper circuit on contract wins from ONGC

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There were pending buy orders of 2,808 shares, with no sellers available.

Shares of Asian Oilfield Services locked at 5 percent upper circuit in the early trade on Friday after the company won an award of the contract from ONGC.

There were pending buy orders of 2,808 shares, with no sellers available.

The company has received a letter of award of the contract from Oil and Natural Gas Corporation (ONGC) for the hiring of services for 2D Seismic Data Acquisition in un-appraised on land areas of Sedimentary Basins of India Sector 11A (Himalayan Foreland area) valued at Rs 27.65 crore.

Share Market Tips

Asian Oilfield Services was quoting at Rs 83.70, up Rs 3.95 on the BSE.

The share touched its 52-week high Rs 297.45 and 52-week low Rs 69.00 on 10 January 2018 and 21 November 2018, respectively.

Currently, it is trading 71.86 percent below its 52-week high and 21.3 percent above its 52-week low.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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