India's Asian Energy Services at over 9-month high on $20-mln LoA

Asian Energy Services

22/03/2023 04:13

** Shares of Asian Energy Services  ASIE.NS  rise as much as
9.9% to 108 rupees, highest since June 9, 2022 
    ** Energy services firm receives letter of award worth ~$20
million from Svetah Energy Infrastructure FZE, UAE, 
    ** LoA for operation and maintenance work of Svetah's
floating production storage and offloading system
    ** Stock above 50-,100-, and 200- day SMAs since March 10,
set for third straight day of gains if trends hold
    ** More than 135,000 shares change hands in early trade vs
30-day avg of 258,252 shares
    ** Stock up 34.8% this year, as of last close

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))