Deep Industries zooms 38% in three days on bagging ONGC contract

The stock rallied 20 per cent to Rs 170 on Thursday in early morning trade, surging 38 per cent in past three trading days on the BSE.

Shares of Deep Industries has rallied 20 per cent to Rs 170 on Thursday in early morning trade, surging 38 per cent in past three trading days on the BSE, after the company received two orders worth Rs 184 crore from Oil and Natural Gas Corporation (ONGC). The said orders would increase revenue visibility for the coming years.

With past three days rally, the stock of integrated oil & gas company has zoomed 115 per cent from its 52-week low price of Rs 79 hit on July 6, 2018. It trading at close to its 52-week high level of