The stock had jumped 20% to Rs 47.75 on Wednesday, 25 February 2009 on the back of blockbuster earnings announced by the company after trading hours on Tuesday, 24 February 2009.
Meanwhile, the BSE Sensex was down 72.52 points, or 0.82%, to 8,829.41.
On BSE, 2.20 lakh shares were traded in the counter. The stock had an average daily volume of 8,444 shares in the past one quarter.
The stock hit a high of Rs 54.60 and a low of Rs 50.40 so far during the day. The stock hit a 52-week high of Rs 181 on 23 April 2008 and a 52-week low of Rs 30.20 on 27 October 2008.
The small-cap stock outperformed the market over the past one month till 25 February 2009, advancing 23.54% as compared to the Sensex's rise of 2.63%. It also outperformed the market in the past one quarter, surging 32.09% as compared to the Sensex's 2.38% rise.
The company's current equity is Rs 33.90 crore. Face value per share is Rs 10.
The current price of Rs 52.50 discounts the company's Q4 December 2008 annualized EPS of Rs 64.39, by a PE multiple of 0.81.
The company's net sales surged 368.80% to Rs 104.41 crore in Q4 December 2008 over Q4 December 2007.
During the quarter ended December 2008, all the four vessels owned by the company were in operation boosting profits, as compared to two vessels in the corresponding period in the previous year. This helped the company report turnaround results.
Seamec's net profit rose 27.2% to Rs 47.12 crore on 57.6% increase in the net sales to Rs 268.59 crore in the year ended December 2008 over the year ended December 2007.
Seamec provides support services including marine, construction and diving services to offshore oilfields in India and abroad.
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