Multibagger small-cap stock surges 6% in weak Indian stock market on ₹865 crore order from Vedanta
The firm announced in its exchange filing that the contract will be carried out over 57 months. Kapil Garg, the Managing Director of Asian Energy Services Limited, expressed that they feel privileged to have secured the Integrated Service Contract for field development and Operations & Maintenance (O&M) from Vedanta, a valued and loyal client. This ongoing partnership demonstrates the trust established through reliable service and a commitment to operational excellence, Garg said.
'Integrated O&M continues to be a primary focus for Asian Energy Services and a significant driver of growth. The company's capacity to safely and effectively manage critical infrastructure solidifies its status as a preferred partner in the energy industry. This contract reinforces the confidence in our team's ability to deliver consistently in complex and demanding situations,' according to Kapil Garg.
Asian Energy Services provides comprehensive services that cover the full upstream value chain. The services offered by Asian Energy Services include Integrated Oil & Gas solutions, such as 2D and 3D Seismic Geographical Data Acquisition, management and upkeep of onshore and offshore oil and gas production facilities, production enhancement services, as well as mining solutions that consist of the supply and installation of Material Handling Plants and Rapid Loading Systems.
Asian Energy Services share price today opened at ₹ 309.10 apiece on the NSE; the stock touched an intraday high of ₹ 334.90 per share, and an intraday low of ₹ 297.60 apiece.
While the small-cap stock has seen some volatility in the short term, losing 1.5% in the past one year, it has emerged as a multibagger bet in the long term. The stock has jumped 148% in two years and 245% in five years.
According to Anshul Jain, Head of Research at Lakshmishree Investments, Asian Energy Services share price has been trading in a tight range for the past 70 days, showing clear signs of consolidation.
'Today's price action is drawing significant attention, with volumes spiking over 2,218% above the 50-day average — a strong precursor to a potential breakout. A sustained move above the ₹ 340–345 zone will confirm the breakout and open up immediate upside targets in the range of ₹ 395 to 425. The volume surge indicates strong accumulation, and if follow-through buying continues, the stock could witness a sharp momentum-driven rally in the near term," Jain said.
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