Deep Industries moves up on incorporating wholly owned subsidiary in UAE
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Deep Industries is currently trading at Rs. 315.00, up by 1.60 points or 0.51% from its previous closing of Rs. 313.40 on the BSE.
The scrip opened at Rs. 317.15 and has touched a high and low of Rs. 317.15 and Rs. 313.30 respectively. So far 4126 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. 139.10 on 11-Apr-2023.
Last one week high and low of the scrip stood at Rs. 325.95 and Rs. 306.30 respectively. The current market cap of the company is Rs. 2014.72 crore.
The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 2.03% and 34.48% respectively.
Deep Industries has incorporated wholly owned subsidiary in UAE. The company has completed the incorporation process of its wholly owned subsidiary namely ‘SAAR International FZ-LLC’ (SAAR) in Ras Al Khaimah Economic Zone, UAE on March 29, 2024 and Certificate of Incorporation received on April 8, 2024. SAAR has been incorporated to carry out various business activities from Ras Al Khaimah Economic Zone.
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.
