An Indian penny stock specializing in the business of Oil Exploration and Allied services has moved up by 8 percent from the day’s opening after it bagged an order worth Rs. 29 crores from Indian Maharatna Public Sector Enterprise
Price movement
With a market capitalization of Rs.80.7 crores, at 1.30 p.m., the shares of Aakash Exploration Services Limited were trading up by close to an 8 percent high of Rs.8.80 from its day’s opening of Rs.8.10.
What’s the News
Aakash Exploration Services Limited has received an order worth Rs.29 crores from the Indian Maharatna Public Sector Enterprise, Oil India Limited for Hiring Services for providing a high-pressure Mobile Boiler along with ancillaries for the Generation of high-quality steam. The order is to be executed within the period of 2 years.
About the company
Aakash Exploration Services Limited is a company providing services for Oil and Gas Exploration with a fundamental vision of being a leader in providing services to the Oil and Gas Field while achieving international standards of excellence. The company is based out of Ahmedabad, Gujarat, and is also a member of the International Association of Drilling Contractors.
Financials
Its revenue from operations has increased by 1.02 percent from Rs.23.42 crores in Q2 FY25 to Rs.23.66 in Q3FY25. The net profits have increased 136.3 percent from 0.11 crores in Q2FY25 to Rs.0.26 crores in Q3FY25.
Written by -likesh babu s
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