The stock market is once again running on the track of recovery. Amidst this environment, there was a rush to buy shares of some penny companies. One such share is of Gujarat’s company- Aakash Exploration Services Limited (AESL).
Aakash Exploration Services Stock Surges Over 6% on April 10
The previous closing of the stock of this company was Rs 7.97, which rose by more than 7 percent to Rs 9.13 during trading on Friday. The stock closed at Rs 8.50 with a gain of 6.65%.
How the Stock Has Performed in the Last Year
This rise in the stock came due to an order received by the company. In July 2024, this stock reached Rs 17.15. This is the 52-week high of the stock. In March 2025, the share price was at Rs 7.30. This is the 52-week low of the stock.
₹29 Crore Order from Indian Oil Fuels Investor Optimism
Akash Exploration Services Limited has received an order of Rs 29 crore from Indian Maharatna public sector company Indian Oil. Under this, an order has been given to hire services to provide high pressure mobile boilers. This order is to be completed within a period of 2 years.
Talking about the shareholding of Akash Exploration, till March, the promoters hold 66.54 percent stake. Public shareholding is 33.46 percent. Till the December quarter, the promoters held 66.67 percent. At the same time, the public shareholding was 33.33 percent.
About Aakash Exploration Services Limited
Let us tell you that Akash Exploration is a company that provides services for oil and gas exploration. Its aim is to become a leader in providing services to the oil and gas sector. This company is based in Ahmedabad, Gujarat, and is also a member of the International Association of Drilling Contractors. Talking about the revenue of this company, it increased by 1.02 percent from Rs 23.42 crore in the September quarter to Rs 23.66 crore in the December quarter. Similarly, the net profit of the company increased by 136.3 percent from Rs 0.11 crore to Rs 0.26 crore.
