Meanwhile, the BSE Sensex was down 98 points, or 0.57% to 17,159.36.

On BSE, 13,000 shares were traded in the counter as against average daily volume of 23,664 shares in the past one quarter.

The stock hit a high of Rs 67.25 and a low of Rs 65.70 so far during the day. The stock had hit a 52-week high of Rs 91.40 on 21 July 2011. The stock had hit a 52-week low of Rs 52.30 on 25 May 2011.

The small-cap stock had outperformed the market over the past one month till 27 March 2012, rising 7.94% compared with the Sensex's 1.08% fall. The scrip had also outperformed the market in past one quarter, surging 14.86% as against Sensex's 8.71% gain.

The company has an equity capital of Rs 23.50 crore. Face value per share is Rs 10.

The Deep Industries stock has risen 4.47% in two days from Rs 63.70 on 26 March 2012, after the company announced during trading hours on Tuesday, 27 March 2012, its subsidiaries have been awarded 3 coal bed methane blocks under New Exploration Licensing Policy of Government of India. The stock had risen 1.33% to settle at Rs 64.55 on Tuesday, 27 March 2012. Deep Industries said that out of three coal bed methane (CBM) blocks, two blocks are in Madhya Pradesh while one block is in Gujarat.

Deep Industries' net profit rose 59.2% to Rs 3.04 crore on 21.8% growth in net sales to Rs 12.20 crore in Q3 December 2011 over Q3 December 2010.

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.