Deep Industries gains on receiving LoA from ONGC
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Deep Industries is currently trading at Rs. 265.80, up by 3.65 points or 1.39% from its previous closing of Rs. 262.15 on the BSE.
The scrip opened at Rs. 258.10 and has touched a high and low of Rs. 268.70 and Rs. 258.10 respectively. So far 8484 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 331.20 on 26-Mar-2024 and a 52 week low of Rs. 170.20 on 06-Jul-2023.
Last one week high and low of the scrip stood at Rs. 290.95 and Rs. 243.00 respectively. The current market cap of the company is Rs. 1664.32 crore.
The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 1.82% and 34.69% respectively.
Deep Industries has received a Letter of Award (LoA) from Oil and Natural Gas Corporation (ONGC), Kakinada for Hiring of DPDU (GDU) for processing gas for 10 months. The total estimated value of the said award is around Rs 56 crore. The said order is expected to be completed in 10 months.
Deep Industries is leading solution provider in energy sector. The company is specialized in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, and also having expertise in Integrated Project Management Services.
