Synopsis:

The shares of this marine services company were in the news today following the announcement of the company signing a contract of USD 43.07 million with HAL Offshore for its Multi Support Vessel, SEAMEC AGASTYA.

This company, which owns and operates multi-support vessels for the provision of diving services, manned and unmanned subsea operations, and related activities, had its shares in momentum today following the news of a contract being signed for one of its vessels with HAL Offshore.

With a market cap of Rs 2,575 crore, the shares of SEAMEC Ltd gained 5.25 percent, reaching a high of Rs 1,022 in today’s trading session when compared to its previous day’s closing price of Rs 970.70. The shares are trading at a PE of 29.3, whereas the industry PE is at 12.7

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