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ASIANENENSEAsian Energy Services Limited· OilHighPositive
Announced Fri, 30 Jan, 2026 · 17:51 IST

Oil Discovery in Mevad Field, Gujarat

Business Updates View source PDFExplain this filing

ASIANENE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+1.4%Reaction day
₹253.00
prior close
₹252.60
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+2.6% vs market
Oil peers, median of 15sector · industry level-1.1%+2.5% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.5 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
-1.0
10m
-0.8
15m
-0.9
30m
-1.4
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+1.4-1.3+2.6-1.1+2.5
Next day
+0.0+2.4-2.4-0.6+0.6
2d
+3.6+3.8-0.2-0.1+3.7
3d
-0.7+2.7-3.4+1.5-2.2
4d
+0.2+1.9-1.7+0.0+0.2
5d
+2.8+4.6-1.8-0.5+3.3
1w
+11.2+5.1+6.2+2.4+8.8
15d
+21.3+2.1+19.3+1.4+19.9
1m
+16.6-2.1+18.7+1.2+15.4
2m
+0.9-6.4+7.4-1.2+2.1
3m
+29.6+9.5+20.1+6.0+23.6
UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Asian Energy Services announced an oil discovery in its new well NM-01 in the Mevad Area of Mehsana district, Gujarat. The well is producing 100 barrels of oil per day during testing, with potential to reach 125-130 bopd. The company holds 50 percent participating interest in the block. Crude will be sold to domestic refineries, priced against the Brent benchmark. Further evaluations are underway to assess the full potential of the discovery.

Likely market impact

Positive material development; oil discovery could add future revenue, though initial 100 bopd output is modest and further evaluations are ongoing.