Deep Industries stock zooms 11% after receiving order from ONGC

The total estimated value of the said award is ~Rs91.75cr.

Mar 12, 2019 08:03 IST India Infoline News Service

Deep Industries
Deep Industries Ltd's stock zoomed 5.5% on the BSE in the afternoon trade. The company has received Letter of Award of contract from ONGC, for charter hiring of 01 No. of 1000 HP Mobile Drilling Rig for Ahmedabad Asset for a period of 3 years.

The total estimated value of the said Award is ~Rs91.75cr.

Deep Industries Ltd is currently trading at Rs130.50 up by Rs6.75 or 5.45% from its previous closing of Rs123.75 on the BSE. The scrip opened at Rs126.45 and has touched a high and low of Rs135 and Rs126 respectively.

The BSE group 'B' stock of face value Rs10 has touched a 52-week high of Rs178.70 on April 11, 2018 and a 52-week low of Rs79.10 on July 6, 2018. Last one week high and low of the scrip stood at Rs130 and Rs117 respectively.

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