Global Offshore Services announced that the company's wholly owned subsidiary Garware Offshore International Services, has acquired and immediately sold an accommodation Barge Beau Geste originally taken by them on a bare boat charter in 2009, on a 'no profit no loss basis'.

The stock had underperformed the market over the past one month till May. 19, 2014, falling 21.51% compared with the Sensex's 7.66% rise.

It underperformed the market in past one quarter, gaining 12.66% as against 17.57% rise in the Sensex.

Shares of the company gained Rs 7.15, or 2.64%, to trade at Rs 278. The total volume of shares traded was 13,978 at the BSE (3.19 p.m., Tuesday).