Dee Development Engineers moves up on securing order from US based company
Dee Development Engineers is currently trading at Rs. 248.50, up by 9.90 points or 4.15% from its previous closing of Rs. 238.60 on the BSE.
The scrip opened at Rs. 240.55 and has touched a high and low of Rs. 251.75 and Rs. 240.55 respectively. So far 7811 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. 166.60 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs. 251.75 and Rs. 225.00 respectively. The current market cap of the company is Rs. 1715.99 crore.
The promoters holding in the company stood at 70.29%, while Institutions and Non-Institutions held 18.08% and 11.62% respectively.
Dee Development Engineers has secured an order from one largest international company in oil & gas with headquarters in the US for supply of process piping solutions to customer for their upcoming and ongoing projects across the globe and yearly inflow of orders will be multimillion dollars.
This agreement will add significant momentum to the company’s growth trajectory and long-term value creation for its shareholders.
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.
