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Deep Industries advances on bagging order worth Rs 246.88 crore

18 Mar 2016 Evaluate

Deep Industries is currently trading at Rs. 138.90, up by 1.40 points or 1.02% from its previous closing of Rs. 137.50 on the BSE.

The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 142.20 and Rs. 138.00 respectively. So far 99,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 215.70 on 19-Nov-2015 and a 52 week low of Rs. 45.00 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 148.30 and Rs. 124.80 respectively. The current market cap of the company is Rs. 405.59 crore.

The promoters holding in the company stood at 70.08% while Institutions and Non-Institutions held 3.64% and 26.28% respectively.

Deep Industries has received Notification of Award for Hiring of Gas Dehydration System for Four Production Installations for a period of 5 years at ONGC Rajamundry Asset viz. Tatipaka GCS, Kesanapalli GCS, KPDA EPT & Endamuru GCS. The total estimated value of the said award is of Rs 246.88 crore.

Deep Industries is primarily caters to ever increasing demand for Oil and Gas Field Services requirements. The company is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas Exploration and Production.


Peers
Company Name CMP
ONGC 237.95
Oil India 479.00
Jindal Drilling&Inds 591.05
Deep Industries 766.55
Asian Energy Service 474.30
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