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Deep Inds rises after award of contract from ONGC

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rose 3.71% to Rs 142.50 at 14:16 IST on BSE after the company said it has received letter of award of contract from

The announcement was made during trading hours today, 12 April 2019.

Meanwhile, the S&P was up 160.12 points, or 0.41% to 38,767.13.

On the BSE, 3276 shares were traded in the counter so far compared with average daily volumes of 6066 shares in the past two weeks. The stock had hit a high of Rs 143.20 and a low of Rs 137 so far during the day. The stock hit a 52-week high of Rs 177.80 on 12 April 2018. The stock hit a 52-week low of Rs 79.10 on 6 July 2018.

said it has received letter of award (LoA) from for charter hiring of 01 No. of 50 MT work over rig for Ahmedabad asset for category-2 for a period of three years. The total estimated value of the said award is approximate Rs 18 crore.

Net profit of declined 18.34% to Rs 15.01 crore on 19.11% decline in net sales to Rs 60.39 crore in Q3 December 2018 over Q3 December 2017.

Deep Industries has grown up to be a "one stop solution" provider for every need in by catering various equipment and services under rental and chartered-hire basis.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 12 2019. 14:13 IST