Aban Offshore Ltd belongs to the Energy sector, having a market capitalization of Rs. 1,457.67 crores. Aban Offshore Ltd. key Products/Revenue Segments include Drilling Equipment which contributes Rs 1013.56 Cr to Sales Value (99.94 per cent of Total Sales), Wind Power which contributes Rs 0.57 Cr to Sales Value (0.05 per cent of Total Sales), for the year ending 31-Mar-2016.
Stock Analysis
As the trading session commenced on 12th Dec, Aban share price is quoting above 5 per cent at Rs. 263.35. The stock opened at Rs. 258 against its previous closing at Rs. 249.85. Within the next few minutes around 13,10,243 shares were traded on the counter with a traded value of Rs. 3,422.09 lacs, as per NSE.
Q2
On a standalone basis, the company clocked a net profit of Rs 64 crore for the quarter ended September 30, 2016 as against Rs 80 crore for the quarter ended September 30, 2015. Total Income has slipped from Rs 281 crore to Rs 258 crore for the quarter ended September 30, 2016.
The Company has registered a net loss at Rs 274.70 crore for the quarter which ended September 30, 2016 as compared to the net profit of Rs 124.45 crore for the corresponding quarter last year. Total Income has slipped from Rs 99011 crore to Rs 399.01 crore.
Shareholding
Aban is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Aban is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals, please visit Aban share price history.
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