Asian Oilfield Services to trade free on November 22

Asian Oilfield will be the stock of trade of November 22. Well the markets are expected to open in green, however sell off pressure could be witnessed. The company will be watched by many as it has received awards of two contracts from Oil India for an estimated value of Rs 140 crores. The company has received both the contracts from Oil India for acquisition of 2D Seismic Data in unappraised land areas of North East India.

The shares of the company in the last three months have surged by 21 per cent. On the other hand, the oil prices jumped 4.2 per cent to a near three-week high on hopes that the OPEC would agree to an output cut next week. Fifty two-week High/Low are 89.90/27.90. The shares of the company which previously closed at Rs 71.90 opened at Rs 77.20 up by 8 per cent.