Dolphin Offshore Enterprises (India) consolidated net profit rises 5707.69% in the June 2024 quarter

Dolphin Offshore Enterprises on Friday informed the exchanges that ONGC on March 24 had terminated a contract entered into in 2018. The balance portion of the contract, which has to be completed, wi

ONGC terminates Dolphin Offshore contract

On Tuesday, the stock of Dolphin Offshore Enterprises (India) gained 8 per cent with extraordinary volume, breaching a key resistance at ₹70. Following a medium-term downtrend, the stock found support

Dolphin Offshore Enterprises India (₹72.5): Buy

 A consortium of Dolphin Offshore Enterprises has won a ₹154.03-crore order from ONGC. The consortium - HAL Offshore, Dolphin Offshore and JK Surface Coatings - has received the notification of award

Dolphin Offshore team bags ₹154-crore order

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Dolphin Offshore is a engineering, procurement and construction (EPC) company that offers various services, including diving & underwater services,  fabrication/installation, marine operations & management services and rig repairs & ship repairs. 