Dolphin Offshore Enterprises (India) rose 4.18% to Rs 98.45 at 15:14 IST on BSE after the company said it won two separate contracts worth an aggregate $10.99 million.
The announcement was made after market hours yesterday, 17 May 2016.Meanwhile, the BSE Sensex was down 75.50 points, or 0.29%, to 25,698.11.
On BSE, so far 96,000 shares were traded in the counter, compared with an average volume of 47,703 shares in the past one quarter. The stock hit a high of Rs 100.10 and a low of Rs 97.10 so far during the day. The stock hit a 52-week high of Rs 139.30 on 3 December 2015. The stock hit a 52-week low of Rs 67.10 on 29 February 2016. The stock had outperformed the market over the past one month till 17 May 2016, rising 4.88% compared with 0.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 23.21% as against Sensex's 10.23% rise.
The small-cap company has an equity capital of Rs 16.77 crore. Face value per share is Rs 10.
Dolphin Offshore Enterprises (India) has bagged a contract worth $3.99 million from ONGC for underwater structural repair of HC platform in Heera Field. The duration of contract is 240 days from 16 October 2016.
The company also signed a charter party agreement with Sanat Gostar Kish Co (SGK) for deployment of the vessel E. Francis and Diving personnel in the Middle East. This vessel was hired by the company from a company in the Middle East. The contract value is $7 million (approximate) and the contract duration of the charter hire is 200 days, the company said.
On a consolidated basis, net profit of Dolphin Offshore Enterprises (India) declined 41.14% to Rs 13.19 crore on 1.12% decline in net sales to Rs 43.20 crore in Q3 December 2015 over Q3 December 2014.
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Dolphin Offshore Enterprises (India) is a leading provider of underwater services to the Indian oil and gas industry.
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