Meanwhile, the S&P BSE Sensex was up 140.86 points, or 0.49%, to 28,973.31

On the BSE, so far 1.22 lakh shares were traded in the counter, compared with average daily volumes of 1.55 lakh shares in the past one quarter. The stock hit a high of Rs 218.50 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low of Rs 205.10 so far during the day. The stock hit a 52-week low of Rs 29.70 on 29 March 2016.

The stock had outperformed the market over the past 30 days till 3 March 2017, rising 57.8% compared with 2.15% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 104.4% as against Sensex's 9.92% rise.

The small-cap company has equity capital of Rs 22.32 crore. Face value per share is Rs 10.

On a consolidated basis, Asian Oilfield Services reported net loss of Rs 2.53 crore in Q3 December 2016, higher than net loss of Rs 20.05 crore in Q3 December 2015. Net sales rose 38.24% to Rs 16.63 crore in Q3 December 2016 over Q3 December 2015.

Asian Oilfield Services is engaged in providing geophysical, drilling and well services to customers across the Indian sub-continent.