Archive · 19 Jun 2025
Aakash Exploration Stock Jumps After ONGC Order Win
Imagine a small company called Aakash Exploration Services.
They got a big order from a company called ONGC, which is like a really important company in the oil business.
Because of this good news, Aakash's stock price went up quite a bit!
This means the company might make more money.
The order is for a machine that helps with oil work, and it will take about three years to complete.
However, in the recent past, the company didn't do as well, because the profit went down a lot.
This is like if you did well in the past and then you did less well later.
Aakash Exploration Services stock rose 32.87% in two days.
The company received a Letter of Award from ONGC for a Rs 19.36 crore order.
The order is for charter hiring of a workover rig.
The order execution duration is set at three years.
Net profit decreased by 92.02% for the quarter ending March 2025.
- Who
- Aakash Exploration Services and ONGC.
- What
- Aakash Exploration Services received an order from ONGC and the stock price rose.
- When
- Stock rose in current session.
- Where
- Ahmedabad Asset.
- Why
- Due to a Letter of Award received from ONGC.
Investors
Company Performance
Stock Performance
Investors
Stock value has increased rapidly due to order.
Company Performance
Company net profit dropped a significant amount during the same time.
- Company
- Aakash Exploration Services
- Order Value
- Rs 19.36 crore
- Order Giver
- ONGC
- Stock Increase
- 32.87% in two days
- Order Duration
- Three years
- Net Profit Drop
- 92.02% for March 2025 quarter