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Deep Industries zooms 8% on ONGC orders

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BS Reporter Mumbai

Deep Industries finally ended at Rs 62.60, up over 8.5%.  The stock clocked a total volume of 237,609 shares on the BSE today.

Deep Industries has zoomed 11% after receieving two orders from ONGC.

The stock opened flat at Rs 57 but soon soared to a high of Rs 65.10. The stock is now up 11% at Rs 64. The counter has clocked a volume of 103,199 shares so far on the BSE.

According to a release by the company to the BSE today, ONGC has awarded them two contracts worth Rs 22.99 crore. The Ankleshwar order is worth Rs 3.28 crore, while the Mehsana contract is valued at Rs 19.71 crore.

 

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First Published: May 08 2009 | 4:26 PM IST

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