 "Global Offshore tanks over 30% in two days; hits 52-week low")
Shares of Global Offshore Services has dipped 19% to Rs 406, extending its previous day’s 20% fall on the BSE on back of heavy volumes.
The stock is currently trading at its 52-week low. The trading volumes on the counter jumped more than two-fold with a combined 392,385 shares changed hands on the BSE and NSE till 10:50 am.
The company engaged in charter of offshore support vessel business had posted 61% year-on-year dropped in its consolidated net profit at Rs 7.53 crore for the quarter ended June 30, 2015, due to higher operating expenses. It had profit of Rs 22.99 crore in a year ago quarter.
At 10:50 am, the stock was down 17% at Rs 415 on the BSE.
The stock is currently trading at its 52-week low. The trading volumes on the counter jumped more than two-fold with a combined 392,385 shares changed hands on the BSE and NSE till 10:50 am.
The company engaged in charter of offshore support vessel business had posted 61% year-on-year dropped in its consolidated net profit at Rs 7.53 crore for the quarter ended June 30, 2015, due to higher operating expenses. It had profit of Rs 22.99 crore in a year ago quarter.
At 10:50 am, the stock was down 17% at Rs 415 on the BSE.
