{"id":146635,"date":"2025-03-25T12:48:34","date_gmt":"2025-03-25T07:18:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=146635"},"modified":"2025-03-25T12:48:38","modified_gmt":"2025-03-25T07:18:38","slug":"stock-skyrockets-13-after-securing-order-from-larsen-toubro-for-ongc-projects","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-skyrockets-13-after-securing-order-from-larsen-toubro-for-ongc-projects\/","title":{"rendered":"Stock skyrockets 13% after securing order from Larsen &amp; Toubro for ONGC projects"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2132679198\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This smallcap stock engaged in the business of diving support vessels (DSV) and oilfield services skyrocketed 13 percent on Tuesday after bagging an order from Larsen &amp; Toubro.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1471914881\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Performance<\/strong><\/h2><p>With a market capitalization of Rs 2,557.12 crore, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/SEAMECLTD\" target=\"_blank\" rel=\"noreferrer noopener\">Seamec Ltd<\/a><\/strong> soared over 13 percent to an intraday high of Rs 1,069.40 per share compared to its previous closing price of Rs 943.95 per share. The shares reiterated from the day\u2019s high and were trading at Rs 1,001 which is 6 percent higher than the previous close.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>Larsen and Toubro has awarded a Letter of Award to the consortium of SEAMEC and Posh India Offshore for subsea installation works for the DUDP &amp; PRPVIII (including MUT scope) projects of ONGC. The work will be completed by May 2026.<\/p><p>The company has also signed a Subcontract Agreement with Posh India Offshore Private Limited for carrying out Riser Clamps, Bow String and other installation works in Pipeline Replacement Project VIII (PRP-VIII Gr. B) and Daman Upside Development Project (DUDP) &#8211; of ONGC for a consideration of USD 5.61 million.<\/p><div class=\"trade-content_5\" id=\"trade-804926434\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview<\/strong><\/h2><p>Seamec Limited operates diving support vessels (DSVs) and offers oilfield services both in India and internationally. The company manages multi-support vessels that provide marine, construction, and diving services for offshore oilfields, as well as bulk carrier vessels for bulk transportation. It has also expanded into tunnel construction projects.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance<\/strong><\/h2><p>Looking at the latest financial performance, the company reported a 30 percent decline in revenue from Rs 213.31 crore to Rs 149.34 crore. The company announced a net loss of Rs 3 crore in Q3 FY25 as compared to profits of Rs 56.42 crore in the same quarter last year.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shwetha Sairam<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3715790130\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This smallcap stock engaged in the business of diving support vessels (DSV) and oilfield services skyrocketed 13 percent on Tuesday after bagging an order from Larsen &amp; Toubro. Stock Performance With a market capitalization of Rs 2,557.12 crore, Seamec Ltd soared over 13 percent to an intraday high of Rs 1,069.40 per share compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":40488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[18989,18991,18990,948,936,3157],"class_list":["post-146635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-seamec","tag-seamec-latest-news","tag-seamec-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock skyrockets 13% after securing order from Larsen &amp; Toubro for ONGC projects - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This smallcap stock engaged in the business of diving support vessels (DSV) and oilfield services skyrocketed 13 percent on Tuesday after bagging an order from Larsen &amp; 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