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The latest update is out from Asian Energy Services Limited ( (IN:ASIANENE) ).
Asian Energy Services Limited announced that CRISIL Ratings Limited has placed its long-term banking facilities on ‘Rating Watch with Developing Implications’ following the proposed merger of its parent company, Oilmax Energy Private Limited, into AESL. The company has also completed the acquisition of the Kuiper Group, which, despite being debt-funded, is expected to maintain a comfortable financial risk profile. The rating reflects AESL’s strong market presence and financial health, but also highlights challenges such as competition and regulatory pressures.
More about Asian Energy Services Limited
Asian Energy Services Limited operates in the energy sector, providing services such as seismic data acquisition, oil and gas field development, and operation and maintenance. The company is known for its strong technical capabilities and established clientele, although it faces challenges from intense competition and regulatory requirements.
Average Trading Volume: 28,112
Technical Sentiment Signal: Strong Buy
Current Market Cap: 16.06B INR
For a thorough assessment of ASIANENE stock, go to TipRanks’ Stock Analysis page.