Deep Industries jumped 13.71% to Rs 87.90 at 09:56 IST on BSE after the company signed a contract with ONGC for hiring of Gas Dehydration System for five production installations for a period of three years.
The announcement was made after market hours yesterday, 29 June 2015.
Meanwhile, the S&P BSE Sensex was up 16.94 points or 0.06% at 27,662.09
On BSE, so far 2.78 lakh shares were traded in the counter as against average daily volume of 66,598 shares in the past one quarter.
The stock hit a high of Rs 91.40 and a low of Rs 85.80 so far during the day. The stock had hit a 52-week high of Rs 94.80 on 25 May 2015. The stock had hit a 52-week low of Rs 45 on 27 March 2015.
The small-cap company has equity capital of Rs 29.20 crore. Face value per share is Rs 10.
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Deep Industries said that the company has signed the contract with ONGC for hiring of Gas Dehydration System for five production installations at their Rajahmundry Assets for a period of three years. The value of the contract is Rs 278.19 crore, Deep Industries said.
Deep Industries' net profit rose 11.6% to Rs 4.53 crore on 6.3% growth in total income to Rs 23.17 crore in Q4 March 2015 over Q4 March 2014.
Deep Industries is a diversified oil & gas company with business interest in air and gas compression, drilling and work over operations. The company is also into oil & gas exploration and production.
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