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One of the counters that has fallen the least in the broad market fall is that of Garware Offshore Services Ltd. While talk of a placement had been driving interest at this counter in the past, the rising oil prices which will lead to increasing E&P activities in oil and gas, has renewed interest in the stock.

Analysts maintain that further triggers at this counter would come in on account of new orders.

The company expects 62 per cent rise in revenues for 2006 and 67 per cent in 2007 on the back of higher exploration activities and the increase in focus on high realisation platform supply vessels. The stock lost ground by almost 4.42 per cent on Wendesday to end at Rs 86.60 on the BSE.

Deeptha Rajkumar

More Stories on : Stock Markets | Stocks | Ear to the ground | Petroleum

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