Deep Industries has rallied 20 per cent to Rs 292.10 intraday, also its 52-week high on the NSE, on account of heavy volumes.
During the second half of the trading session, the stock was up 16 per cent, trading at Rs 289, as compared to 0.23 per cent rise in the S&P BSE Sensex. At 2.35 PM, around 10,89,064 shares were traded in the counter with a traded volume of Rs. 3,070.40 lacs, as per NSE.
The stock touched the day’s low at Rs.248.70. The stock touched its yearly low value at Rs. 117.35
Deep Industries Ltd. was incorporated in the year 1991. It is a Small Cap company (having a market cap of Rs 1007.41 Cr.) and operates in the Petroleum sector. The company is involved in oil field services and exploration & production business. On December 7, it had successfully raised the funds by issuing shares through qualified institutional placements (QIP).
The board had proposed to raise up to Rs 125 crore through QIP, the floor price is set at Rs 239.80 per share. The company said it may at its discretion offer a discount up to 5per cent on the floor price in the QIP.
Deep Industries had registered more than double consolidated net profit at Rs 17 crore for the quarter ended September 2016 (Q2FY17) as compared to Rs 8 crore in the year ago quarter.
EBITDA (earnings before interest, tax, depreciation and amortization) margin improved 540 basis points to 60.2 per cent in Q2FY17 from 54.8 per cent in Q2FY16.
Incorporated in the year 199, Deep Industries Ltd, is a Small Cap company which has a market cap of Rs 1007.41 Cr. and operates in the Petroleum sector.
Deep Industries Ltd. key Products/Revenue Segments include Oil & Gas which contributed Rs 169.07 Cr to Sales Value (100.00 per cent of Total Sales), for the year ending 31st Mar 2016.
Deep Industries is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Deep Industries is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals, please visit Deep Industries share price history.
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