India's Alphageo gains on order win

Alphageo (India)

02/04/2024 11:18

** Shares of seismic data and services provider Alphageo
 ALPI.NS  close up 9.2% at 366.6 rupees
    ** This is stock's sixth session where it rose more than 9%
this year
    ** Co won order an worth 460.4 mln rupees ($5.5 mln) from
Oil India  OILI.NS  for 3D seismic data acquisition in Odisha
    ** ALPI above its 100-day and 200-day moving averages since
mid-March
    ** More than 61,000 shares change hands, 1.3x its 30-day avg
    ** Stock gained ~16% in March-qtr


($1 = 83.3675 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))