Shares of Alphageo India jumped sharply
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Alphageo (India) Ltd., a mid-sized ancillary services company to the oil-gas sector, jumped sharply in afternoon trade on Wednesday after the company announced an order win.As a result Alphageo surged 26.30 rupees, or 6.7 percent, to 417 rupees on the National Stock Exchange, where 32,200 shares were traded compared with the 5-day average of 43,500 shares.
Alphageo has seen its market capitalisation rise 8.4 percent to 236 crore rupees in the past one year. The stock trades at 4 times book value of 108 rupees.
Image credit: Indiatimes
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