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In the past year, the stock of a smallcap mining and drilling service provider has increased fivefold, nearly tenfold the average return of mining and exploration behemoths Coal India, ONGC, and Oil India. The prospects of these enterprises have been brightened by a rise in commodity prices, particularly crude oil.
South West Pinnacle Exploration, situated in Haryana, offers a variety of commercial services and supplies, including groundwater survey, mineral drilling, coal bed methane production and exploration, and workover rig-related jobs.
South West Pinnacle has a robust order book and a diverse service portfolio, according to analysts.
Bonanza Portfolio’s order book is higher than its market cap, according to Jitendra Upadhyay, a Senior Equity Research Analyst at CNBCTV18.com, with return ratios and margins growing quarter after quarter. Multiple causes, he says, are at play in the South West Pinnacle stock’s massive outperformance.
“It has a large client base and provides services to a variety of industries, including coal, ferrous, non-ferrous, and atomic minerals, as well as conventional and non-conventional oil and gas,” he said.
Reliance Industries, Rio Tinto Exploration, Hindustan Zinc, Tata Iron & Steel (TISCO), De-Beers India, ONGC Energy, and Hindalco are among South West Pinnacle’s clients.
Construction, Infrastructure and Mining Group Media Publication
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