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Deep Industries jumps after receiving ONGC contract

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rose 5.45% to Rs 130.50 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 March 2019.

Meanwhile, the S&P was up 392.83 points, or 1.06% to 37,446.93.

On the BSE, 33,000 shares were traded in the counter so far compared with average daily volumes of 13,000 shares in the past two weeks. The stock had hit a high of Rs 135 and a low of Rs 126 so far during the day. The stock hit a 52-week high of Rs 178.70 on 11 April 2018. The stock hit a 52-week low of Rs 79.10 on 6 July 2018.

The contract is for charter hiring of one 1000-HP mobile drilling rig for Ahmedabad asset for a period of 3 years. The total estimated value of the said award is approximate Rs 91.75 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.

caters to the demand for by providing 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: Tue, March 12 2019. 14:13 IST
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