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Deep Industries tanked 16% to Rs 256 on BSE in intra-day trade on back of heavy volumes.
At 2:36 pm; the stock was down 13% to Rs 266, as compared to a marginal 0.01% decline in the S&P BSE Sensex. The trading volumes on the counter surged multiple-fold. A combined 1.26 million shares representing 3.9% of total equity of the company changed hands on the BSE and NSE so far.
Deep Industries said that the company has received the show cause notice from ONGC pertaining to certain allegations made in respect of ongoing contracts.
“The company has
At 2:36 pm; the stock was down 13% to Rs 266, as compared to a marginal 0.01% decline in the S&P BSE Sensex. The trading volumes on the counter surged multiple-fold. A combined 1.26 million shares representing 3.9% of total equity of the company changed hands on the BSE and NSE so far.
Deep Industries said that the company has received the show cause notice from ONGC pertaining to certain allegations made in respect of ongoing contracts.
“The company has
