Dee Development Engineers gains on bagging purchase order worth Rs 26.58 crore
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Dee Development Engineers is currently trading at Rs. 351.85, up by 3.90 points or 1.12% from its previous closing of Rs. 347.95 on the BSE.
The scrip opened at Rs. 350.95 and has touched a high and low of Rs. 354.95 and Rs. 350.50 respectively. So far 7400 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 400.00 on 05-Jul-2024 and a 52 week low of Rs. 310.20 on 26-Jun-2024.
Last one week high and low of the scrip stood at Rs. 369.95 and Rs. 346.00 respectively. The current market cap of the company is Rs. 2435.88 crore.
The promoters holding in the company stood at 70.17%, while Institutions and Non-Institutions held 17.95% and 11.87% respectively.
Dee Development Engineers has bagged a purchase order from the L&T Energy Hydrocarbon, MFFK-Module Fabrication Facility, Kattupalli, near Ennore port, Taluk Ponneri, District Tiruvallur, Tamil Nadu. Broad consideration or size of the order is Rs 26.58 crore. The said order is expected to be completed by July 30, 2025.
Dee Development Engineers is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing.
