Deep Industries rose 2.39% to Rs 220.65 at 9:51 IST on BSE after the company said it received an order worth Rs 2.16 crore from ONGC.
The announcement was made after market hours yesterday, 27 September 2017.Meanwhile, the S&P BSE Sensex was down 4.94 points, or 0.02% to 31,154.87.
On the BSE, 27,000 shares were traded in the counter so far, compared with average daily volumes of 10.44 lakh shares in the past two weeks. The stock had hit a high of Rs 224 and a low of Rs 217.25 so far during the day.
Deep Industries said it received letter of award from ONGC, Rajahmundry asset for hiring of natural gas compression service at Mori, GCS for 11 months. The total estimated value of the said award is approximately Rs 2.16 crore.
Net profit of Deep Industries rose 28% to Rs 21.04 crore on 13.5% rise in net sales to Rs 73.08 crore in Q1 June 2017 over Q1 June 2016.
Deep Industries is engaged in business of oil and gas services, exploration and production.
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