Alphageo (India) stock hits 10% upper circuit after order win from ONGC

Also, the company said that it has an acquisition of 3D seismic data through outsourcing for "Tichna" Area of A&AA basin for estimated contract Value of Rs68.75cr.

Jan 16, 2020 08:01 IST India Infoline News Service

Alphageo
Shares of Alphageo (India) hit 10% upper circuit on the BSE in the afternoon session. The company has received notification of award (NOA) of contract from Oil and Natural Gas Corporation (ONGC), Jorhat for the acquisition of 3D seismic data through outsourcing for "Bogapha Syncline" area of A&AA Basin for estimated Contract Value of Rs43.23cr.

Also, the company said that it has an acquisition of 3D seismic data through outsourcing for "Tichna" Area of A&AA basin for estimated contract Value of Rs68.75cr.

Stock view:
Alphageo (India) Ltd is currently trading at Rs201.45, up by Rs18.3 or 9.99% from its previous closing of Rs183.15 on the BSE.

The scrip opened at Rs193 and has touched a high and low of Rs201.45 and Rs180 respectively.

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