Seamec’s board has approved the proposal for setting up of a wholly-owned subsidiary and step-down subsidiaries in UK for establishing a global operations office.

Seamec up 4% as board gives green signal to set up subsidiaries in UK

Stocks to keep an eye out for: Tata Consumer, Info Edge, SJVN, Sintex Plastics, Cochin Shipyard, Welspun Corp, Automotive Stampings, Seamec, Bliss GVS, RVNL, Navin Fluorine, Havells India, SKF, Godawari Power, Ashiana Housing, Eiko Lifesciences

Stocks that will see action on March 20, 2023

Seamec has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of ONGC on unit rate basis

Stock of this shipping company has zoomed 32% in two days

Notably, the small-cap stock has delivered over 900 per cent return in the last 10 years and over 209 per cent return in the last 5 years.

Multibagger stock: Up 900% in 10 years! Here’s why SEAMEC shares jumped 5% in early trade today

Adani Enterprises, Reliance Ind, Tata Power, automible companies’s shares, NTPC, Tech Mahindra, Biocon, Powergrid, Zydus Life, Bharat Electronics, Samvardhana Motherson International, Seamec, Vodafone Idea

Stocks that will see action on March 1, 2023

Stocks to Watch: Check out the companies making headlines before the opening bell today.

Buzzing Stocks: Power Grid, Bharat Electronics, Seamec, and others in news today

Seamec Consolidated December 2022 Net Sales at Rs 100.68 crore, down 8.07% Y-o-Y

SEAMEC reports consolidated net loss of Rs 1.77 crore in the December 2022 quarter

Darshan Orna Ltd, Rajdarshan Industries Ltd, SEAMEC Ltd and Siti Networks Ltd are among the other losers in the BSE’s ‘B’ group today, 15 December 2022.

Cerebra Integrated Technologies Ltd leads losers in ‘B’ group

Seamec Consolidated September 2022 Net Sales at Rs 85.33 crore, up 4.29% Y-o-Y

Seamec Standalone September 2022 Net Sales at Rs 75.40 crore, up 11.94% Y-o-Y

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

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

SEAMEC Limited is providing diving support vessel (DSV)-based diving services. The Company operates multi support vessels for providing support services, including marine, construction and diving services to offshore oilfields.

Seamec Ltd