Aban Offshore

ONGC awards Rs 1,050 crore contract to Aban Offshore

ONGC awards Rs 1,050 crore contract to Aban OffshoreIndia's state-run, Oil and Natural Gas Corp Ltd (ONGC) has awarded a contract worth $185 million or around Rs. 1,050 crore to Aban Offshore Ltd.

The contract will involve the private oil drilling contractor deploying drillship Aban Ice for a period of three years. The deployment of drillship Aban Ice is expected to begin in the October-December period. The company already has 20 offshore drilling and production units at various locations.

Buy Aban Offshore To Achieve Intraday Target Of Rs 719

Buy Aban Offshore To Achieve Intraday Target Of Rs 719Technical analyst Simi Bhaumik has maintained 'buy' rating on Aban Offshore Limited stock with an intra-day target of Rs 719.

According to analyst, the investors can buy the stock with a stop loss of Rs 689.

The stock of the company, on April 07, closed at Rs 702.15 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 74.54 and 9.54 respectively.

The share price has seen a 52-week high of Rs 1276.90 and a low of Rs 526 on BSE.

Buy Aban Offshore To Achieve Intraday Target Of Rs 615

Buy Aban Offshore To Achieve Intraday Target Of Rs 615Technical analyst Anil Singhvi has maintained 'buy' rating on Aban Offshore Limited stock to achieve intraday target of Rs 615.

According to analyst, the stock can be purchased with a stop loss of Rs 577.

The stock of the company, on March 4, closed at Rs 585.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1313.10 and a low of Rs 526 on BSE.

Current EPS & P/E ratio stood at 74.54 and 7.95 respectively.

Aban shares gain after claim settlement news

Aban shares gain after claim settlement newsAfter a long wait, the shares of Aban Offshore, the oil exploration company finally went up. They had gone down drastically after one of its semi-submersible rig sank. The share price till afternoon of Wednesday had gone up by 8 per cent.

Now, Aban has managed to get the settlement claim from the insurance which will be paying it $235 million.

The company said that 97 per cent of the total claim has been received by Aban and the balance will be coming up soon. This was said in a statement that was filed with the BSE.

Short Term Buy Call For Aban Offshore

Short Term Buy Call For Aban OffshoreStock market analyst Simi Bhaumik is of the view that investors can buy Aban Offshore Ltd stock to achieve a short term target of Rs 762.

According to analyst, the investors can buy the stock with stop loss of Rs 712.

Today, the shares of the company opened at Rs 734 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1679.50 and a low of Rs 648 on BSE.

Current EPS & P/E ratio stood at 81.53 and 9.11 respectively.

Sell Aban Offshore With Stoploss Of Rs 720

Sell Aban Offshore With Stoploss Of Rs 720Stock market analyst Ashwani Gujral is of the view that investors can sell Aban Offshore Ltd stock to achieve a target of Rs 600.

According to Mr. Gujral, the investors can sell the stock with a stoploss of Rs 720.

If the stock fell below Rs 585, it may see more weakness.

After selling the stock, the interested investors can buy the stock again on declines for medium or long term.

Today, the stock opened at Rs 678 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1679.50 and a low of Rs 658.40 on BSE.

Aban Offshore Ltd Intraday Buy Call

Aban Offshore Ltd Intraday Buy CallStock market analysts have maintained 'buy' rating on Firstsource Solutions Ltd with an intraday target above Rs 1435.

According to them, interested traders can purchase the stock above Rs 1420 with a strict stop loss of Rs 1390. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1460.

Shares of the company, on Wednesday (Oct 28), closed at Rs 1388.05 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 71.29 and 19.23 respectively. The share price has seen a 52-week high of Rs 1679.50 and a low of Rs 224.10 on BSE.

Aban Offshore Q1 net dips 10%; to raise $400 million

Aban Offshore Q1 net dips 10%; to raise $400 millionAban Offshore, India's largest offshore drilling and oil field services provider, has registered a decline of 10.34 per cent in its consolidated net profit.

The company posted consolidated net profit of Rs 110.8 crore for the first quarter ended June 30, 2009, compared to Rs 123.70 crore in the same period last year.

However its total income has also increased to Rs 803.4 crore in the latest quarter, as against Rs 770.2 crore in the same period in the previous fiscal.

Sell Aban Offshore With Stoploss Of Rs 820: Ashwani Gujral

Sell Aban Offshore With Stoploss Of Rs 820: Ashwani GujralStock market analyst Ashwani Gujral suggested investors to ‘sell’ Aban Offshore with a target between Rs 725 – Rs 690.

According to Mr. Gujral, investors can sell the stock with a strict stop loss of Rs 820.

Mr. Gujral feels that Aban Offshore stock would remain under high pressure due to existing market condition. The stock also remained weak on Wednesday (June 10), and closed the day at Rs 301.60 on the Bombay Stock Exchange (BSE).




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