Seamec shares surged 7% to ₹1,291 on January 29, marking a five-day rally of 18%. During the intraday session, they touched a 13-month high of ₹1,319 apiece, representing a 9% gain for the day. The five-day rally contributed to a 17.5% jump in January so far, with no fundamental triggers behind the recent run-up.
After a prolonged phase of correction between August 2024 and July 2025, during which the stock had lost nearly 50% of its value, Seamec staged a strong comeback with a 24% surge in August and finished December with a 14% rise. Despite the short-term trend appearing weak, the stock still trades 194% higher over the last five-year period. In terms of yearly performance, the stock finished 2025 with a drop of 8.4%, snapping a two-year winning run.
According to Trendlyne shareholding data, promoters own a majority stake in the company at 72.7% at the end of the December quarter. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) hold 3.4% and 4.1% respectively, while the remaining 19.8% is held by general public shareholders. Among retail investors, those with capital exceeding ₹2 lakh own 1.39% or 3.53 lakh shares, while investors with capital of less than ₹2 lakh own a 9.16% stake or 23.27 lakh shares.
Seamec specialises in providing diving support services to the offshore oil and gas industry. The company offers a range of specialised services, including inspection, maintenance, repairs, and the operation of remotely operated vehicles. It has established enduring contracts with esteemed clients such as ONGC and L&T Hydrocarbon. Additionally, the company manages three bulk carriers dedicated to transporting food staples, commodities, and industrial products. The company is backed by India's largest fleet of multi-support vessels, positioning it as a formidable player in offshore shipping.
