Dolphin Offshore Enterprises (India) jumped 8.74% to Rs 90.80 at 09:25 IST on BSE after the company announced that a consortium of the company has won a Rs 154.03-crore order from ONGC.
The announcement was made after trading hours yesterday, 26 March 2018.Meanwhile, the S&P BSE Sensex was up 164.66 points, or 0.5%, to 33,231.07. The S&P BSE Small-Cap index was up 231.53 points, or 1.37%, to 17,154.90.
On BSE, so far 72,000 shares were traded in the counter, compared with an average volume of 48,000 shares in the past two weeks. The stock hit a high of Rs 91.60 and a low of Rs 87.85 so far during the day. The stock hit a 52-week high of Rs 158 on 11 January 2018. The stock hit a 52-week low of Rs 72.80 on 11 August 2017.
The small-cap company has an equity capital of Rs 16.77 crore. Face value per share is Rs 10.
Dolphin Offshore Enterprises (India) announced that a consortium of the company has won a Rs 154.03-crore order from ONGC. The consortium - HAL Offshore, Dolphin Offshore Enterprises (India) and JK Surface Coatings - has received the notification of award of contract for protective coating of wellhead platforms project-I from ONGC.
Dolphin Offshore Enterprises (India) reported net loss of Rs 8.01 crore in Q3 December 2017 as compared with net loss of Rs 0.38 crore in Q3 December 2016. Net sales dropped 56.15% to Rs 6.63 crore in Q3 December 2017 over Q3 December 2016.
Dolphin Offshore Enterprises (India) is a leading provider of underwater services to the Indian oil and gas industry.
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