Seamec rose 3.51% to Rs 84 at 9:26 IST on BSE after the company said it entered into contract for charter hire for vessel with Resolve Salvage and Fire (Asia).
The announcement was made after market hours yesterday, 23 November 2016.Meanwhile, the BSE Sensex was down 119.29 points, or 0.46%, to 25,932.52.
On BSE, so far 322 shares were traded in the counter, compared with average daily volume of 11,660 shares in the past one quarter. The stock hit a high of Rs 85.40 and a low of Rs 83 so far during the day. The stock hit a 52-week high of Rs 124 on 2 December 2015. The stock hit a 52-week low of Rs 64.25 on 31 March 2016. The stock had underperformed the market over the past 30 days till 23 November 2016, falling 16.73% compared with the 7.26% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 17.02% as against Sensex's 6.41% decline.
The small-cap company has equity capital of Rs 25.43 crore. Face value per share is Rs 10.
Seamec said it has entered into a contract for the charter hire of vessel Revelation with Resolve Salvage and Fire (Asia) for undertaking a job in West Coast of India. The tenure of the contract is for a firm period of 25 days subject to extension. The contract will commence around the first week of January 2017. The value of charter during firm period is $244,000.
Seamec reported net loss of Rs 11.16 crore in Q1 June 2016 as against net profit of Rs 12.19 crore in Q1 June 2015. Net sales declined 46.28% to Rs 46.62 crore in Q1 June 2016 over Q1 June 2015.
Seamec is the region's leading provider of Diving Support Vessel (DSV) based diving services. The company has experience in the ongoing subsea inspection, repair, maintenance and light construction required for the efficient and productive support of offshore oil production.
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