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Global Offshore advances after selling vessel

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Capital Market
Last Updated : Dec 14 2015 | 1:01 PM IST

Global Offshore Services gained 1.28% to Rs 373.50 at 11:25 IST on BSE, after the company announced that it has sold its old anchor handling tug cum supply vessel.

The company made the announcement after market hours on Friday, 11 December 2015.

Meanwhile, the BSE Sensex was up 84.05 points, or 0.34%, to 25,128.48

On BSE, so far 38,450 shares were traded in the counter as against average daily volume of 41,377 shares over the past one quarter.

The stock hit a high of Rs 380.30 and a low of Rs 366 so far during the day. The stock had hit a record high of Rs 846.90 on 3 February 2015. The stock had hit a 52-week low of Rs 334.15 on 2 December 2015.

The stock had underperformed the market over the past one month till 11 December 2015, falling 4.76% compared with Sensex's 3.18% decline. The scrip had also underperformed the market in past one quarter, sliding 39.43% as against Sensex's 2.21% fall.

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The small-cap company has equity capital of Rs 24.73 crore. Face value per share is Rs 10.

On consolidated basis, Global Offshore Services reported net loss of Rs 5.15 crore in Q2 September 2015 as compared with net profit of Rs 8.69 crore in Q2 September 2014. Total income slipped 0.4% to Rs 94.04 crore in Q2 September 2015 over Q2 September 2014.

Global Offshore Services, formerly known as Garware Offshore Services, is engaged in charter of offshore support vessels.

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First Published: Dec 14 2015 | 11:37 AM IST

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