Global Offshore Services is locked in upper circuit of 5% at Rs 107, extending its past two month long rally on the BSE, after reporting robust net profit growth for the quarter ended September 2013. The stock is currently trading at its highest level since August 2011.
At 1150 hours, a combined 99,136 shares have already changed hands and there are pending buy orders for 50,388 shares on the counter on the BSE and NSE.
Shares of the company engaged in charter of offshore support vessels has rallied 123% from Rs 48.05 on October 31, 2013 after reporting nearly three-fold jumped in consolidated net profit at Rs 10.80 crore in July-September quarter. The company had profit of Rs 3.80 crore in year ago quarter.
The company said its subsidiary Global offshore Services B.V.; the Netherlands took delivery of PSV in August 2013. The vessel immediately commenced one year firm contract with a leading E&P company.
At 1150 hours, a combined 99,136 shares have already changed hands and there are pending buy orders for 50,388 shares on the counter on the BSE and NSE.
Shares of the company engaged in charter of offshore support vessels has rallied 123% from Rs 48.05 on October 31, 2013 after reporting nearly three-fold jumped in consolidated net profit at Rs 10.80 crore in July-September quarter. The company had profit of Rs 3.80 crore in year ago quarter.
The company said its subsidiary Global offshore Services B.V.; the Netherlands took delivery of PSV in August 2013. The vessel immediately commenced one year firm contract with a leading E&P company.
