Seamec Limited awarded ₹410 cr contract from ONGC
pre-market1 source ↓written by the desknot a recommendation
- from Oil
- ₹410 cr contract
- to an intraday
- 4.4%
- intraday high
- ₹1,382
- market cap
- ₹3,510 cr
- P/E stands
- 18.4
SEAMEC Limited has secured a ₹410 cr contract from Oil and Natural Gas Corporation for operational support services on one of its vessels. Following this announcement, shares surged nearly 4.4% to an intraday high of ₹1,382. The company operates four multi-support vessels, enhancing its market position in the offshore marine sector.
With a market cap of ₹3,510 cr, SEAMEC's P/E stands at 18.4, significantly above the industry average of 11.2.
Not investment advice. For informational purposes only.