India's Seamec jumps on $5.8 million project win

Seamec

19/10/2023 09:23

** Shares of Seamec  SEAM.NS  up as much as 13.08% to 725.95
rupees, their highest since Aug. 16 
    ** Co hits sharpest intraday pct gain since June 30 
    ** Oilfield services provider said it entered into addendum
with Posh India Offshore for project worth 486 million rupees
($5.8 million)
    ** Stock most active since March 10; about 442,911 shares
change hands as of 1:44 p.m. IST, 13.6x the 30-day average 
    ** Stock last up 12.8%, trimming YTD losses to 21.1% 

($1 = 83.2440 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))