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Global Offshore advances on stellar Q2 outcome

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Capital Market
Last Updated : Nov 07 2013 | 11:55 PM IST

Global Offshore Services gained 4.56% to Rs 53.85 at 15:20 IST on BSE, after consolidated net profit surged 132.41% to Rs 9.25 crore on 54.41% rise in total income to Rs 81.56 crore in Q2 September 2013 over Q2 September 2012.

The result was announced after market hours on Wednesday, 6 November 2013.

Meanwhile, the BSE Sensex was down 36.78 points, or 0.18%, to 20,858.16

On BSE, 20,630 shares were traded in the counter as against average daily volume of 7,025 shares over the past one quarter.

The stock hit a high of Rs 55.10 and a low of Rs 53 so far during the day. The stock had hit a 52-week high of Rs 94.40 on 13 May 2013. The stock had hit a 52-week low of Rs 44.30 on 10 October 2013.

The stock underperformed the market over the past one month till 6 November 2013, falling 0.1% compared with the Sensex's 4.92% jump. The scrip also underperformed the market in the past one quarter, sliding 15.92% as against Sensex's 11.54% rise.

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

Global Offshore Services, formerly known as Garware Offshore Services, along with its subsidiaries owns/operates 12 vessels.

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First Published: Nov 07 2013 | 3:23 PM IST

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