Aban Offshore Ltd is an Indian company engaged in the business of offshore drilling services. Established in 1986, the company is headquartered in Chennai, India. Aban Offshore specializes in providing drilling services to the oil and gas industry worldwide.
The company operates a fleet of offshore drilling rigs that are used for exploration and production activities. These rigs are equipped with advanced technology and are capable of drilling in various water depths, ranging from shallow waters to ultra-deep waters. Aban Offshore’s drilling operations cover regions such as the Middle East, South East Asia, and Africa.
Aban Offshore has a strong track record in executing complex drilling projects and has established itself as a reliable and efficient service provider in the industry. The company focuses on maintaining high safety standards and adheres to stringent environmental regulations in all its operations.
In addition to drilling services, Aban Offshore also offers services such as project management, engineering, and consulting. The company has a team of experienced professionals who provide technical expertise and support to clients throughout the project lifecycle.
Aban Offshore has received several awards and recognition for its excellence in the offshore drilling sector. The company’s commitment to quality, safety, and customer satisfaction has helped it build long-term relationships with major oil and gas companies.
As of my knowledge cutoff in September 2021, this information represents the company profile of Aban Offshore Ltd. It’s important to note that the company’s profile may have changed since then. For the most up-to-date and accurate information, I recommend visiting the official website of Aban Offshore or referring to the latest financial reports and news releases.
Aban Offshore Ltd Short-Term View (Fundamental)
Market Capital – 232 Cr.
Current Market Price – 39 (+/-)
High / Low – 64.2 / 31.2
Face Value – 2.00
Overall Fundamental Sinario
The company has a low-interest coverage ratio.
The company has delivered a poor sales growth of -23.0% over the past five years.
Contingent liabilities of Rs.1,695 Cr.
Earnings include another income of Rs.225 Cr.
The company has high debtors of 301 days.
Source from here.
For more technical and fundamental views you can check here.
Aban Offshore Ltd Short-Term View (Technical)
Aban showing a strong accumulation zone at the 35-39 area which is good for the upcoming session. CCI shows a divergence mode where we can see a sharp up move from this range. It will take time to give you nearly 10% to 20% return from here. RSI is also in the supporting zone and the weekly basis chart shows a possible breakout that can derive the stock from here to the near 56 area which was the last resistance against the previous chart. So, accumulate it for the next 20-24 weeks. For the long-term view, you can get approx 50% return from this Aban Offshore Ltd.
