Alphageo (India) rose 6.70% to Rs 417.30 at 11:22 IST on BSE after the company said it won a contract worth $3 million in Myanmar.
The announcement was made during trading hours today, 2 September 2015.
Meanwhile, the BSE Sensex was down 18.90 points, or 0.07%, to 25,677.54.
On BSE, so far 12,000 shares were traded in the counter, compared with an average volume of 5,592 shares in the past one quarter.
The stock hit a high of Rs 427.50 and a low of Rs 400.10 so far during the day. The stock hit a 52-week high of Rs 647.05 on 3 November 2014. The stock hit a 52-week low of Rs 268 on 24 August 2015.
The stock had outperformed the market over the past one month till 1 September 2015, sliding 5.10% compared with 8.60% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 10.07% as against Sensex's 7.73% decline.
The small-cap company has an equity capital of Rs 5.63 crore. Face value per share is Rs 10.
Alphageo (India) announced that its step-down wholly-owned subsidiary, Alphageo DMCC, Dubai, was awarded a contract for provision of 2D seismic acquisition services in Myanmar by CAOG Pte. The contract is of an estimated value of $3 million. It is envisaged that the contract shall be executed during the financial year ending March 2016.
On a consolidated basis, Alphageo (India) reported net loss of Rs 3.05 crore in Q1 June 2015 compared with net profit of Rs 10.85 crore in Q1 June 2014. Total income from operations (net) dropped 87.7% to Rs 4.68 crore in Q1 June 2015 over Q1 June 2014.
Alphageo (India) is the largest onshore integrated seismic service provider in the private sector and enjoys a market leadership in seismic survey.
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