Stock under ₹10 jumps 9% after receiving order worth ₹29 Cr from Oil IndiaStock under ₹10 jumps 9% after receiving order worth ₹29 Cr from Oil India

Introduction:

Stock under ₹10 gains attention after bagging a ₹29 Crore service contract from a major oil PSU. The project involves high-pressure steam generation over two years, boosting credibility and strengthening presence in energy infrastructure and oilfield service operations.

Share Price movement of Aakash Exploration Services:

On April 11, 2025, Aakash Exploration Services Limited opened at ₹8.35, reaching a high of ₹9.13, up 9% from the previous close of ₹7.97 and a low of ₹8.02. The stock is currently trading at ₹8.44, with a market cap of ₹85.46 Crores.

Aakash Exploration Services share price rise:

Aakash Exploration Services Limited has received a Letter of Award from Oil India Limited for a ₹29 Crore service order. The project involves providing high-pressure mobile boilers with ancillaries for steam generation and will be executed over a two-year contract period.

This domestic service contract aligns with the company’s core capabilities in oilfield services. The awarded project reflects Oil India’s confidence in Aakash Exploration’s technical and operational expertise in energy infrastructure and pressure steam generation support.

The order does not involve any related party transactions or promoter group interest. The company has disclosed the contract per SEBI’s Listing Regulations, further strengthening its portfolio with a prestigious government-backed client in India’s oil sector.

Also Read: TCS Q4 results: Company’s net profits fall 2% YoY; Announces ₹30 dividend

Stock performance of Aakash Exploration Services for Period of 1 week, 6 months and 1 year:

Aakash Exploration Services’ stock showed a 2.71% gain over the past week. However, over six months, it declined by 33.5%, and over the one-year period, it recorded a sharper fall of 27.9%, reflecting overall weakness despite a recent short-term recovery.

Also Read: Anand Rathi Wealth Q4 Results: Company’s net profits increase by 33% YoY

Shareholding pattern of Aakash Exploration Services:

Summary	Dec-24	Sep-24	Jun-24
Promoter	66.70%	66.70%	66.70%
FII	0%	0%	0%
DII	0%	0%	0%
Public	33.30%	33.30%	33.30%

About Aakash Exploration Services:

Aakash Exploration Services Ltd (NSE: AAKASH) is an oilfield services company providing equipment and manpower solutions to India’s energy sector. It specializes in operations like gas compression, workover rigs, and steam generation, serving major public sector clients such as ONGC, Oil India, and private energy firms.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.