Seamec rose 2.51% to Rs 383.90 after the company announced deployment status of vessel, Seamec Princess.
Seamec announced that it has entered into a BIMCO charter party with Posh Subsea for charter hire of the vessel, Seamec Princess, for working in Mumbai high offshore. The tenure of the contract is for firm period of 15 days with option of extension. The charter is likely to commence around 2nd week of October 2019. The value of charter during firm period is $1 million. The announcement was made after trading hours on Friday, 27 September 2019.Shares of Seamec rose 3.75% in two trading sessions to its current market price of Rs 383.90, from a recent closing low of Rs 370 on 26 September 2019.
Meanwhile, the S&P BSE Sensex was down 167 points or 0.43% to 38,655.47.
On the BSE, 239 shares were traded in the counter so far compared with average daily volumes of 2,314 shares in the past two weeks. The stock hit an intraday high of Rs 390.55 and an intraday low of Rs 379.65 so far during the day.
The stock hit a 52-week high of Rs 512 on 21 June 2019. The stock hit a 52-week low of Rs 182.90 on 1 January 2019.
Seamec's consolidated net profit jumped 114.6% to Rs 43.97 crore on a 66.1% surge in net sales to Rs 102.40 crore in Q1 June 2019 compared with Q1 June 2018.
Seamec provides diving support vessel (DSV)-based diving services. The shipping company is engaged in offshore and shipping business. It provides offshore oilfields support services through its multi support diving vessels. Its support services include marine, construction and diving services to offshore oilfields in India and abroad.
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