Deep Industries Ltd shares jump 4.11% as receipt of order
Why did Deep Industries Ltd shares jump today?
Deep Industries Ltd shares saw significant movement today, jumping 4.11% to reach a current price of ₹36.44 as of 03:59 PM on Tuesday. The sharp uptick in the company's stock price appears to be directly driven by a major positive development disclosed by the company.
The trigger for this rally was the receipt of a significant new order. Deep Industries Ltd officially announced it has been awarded a Letter of Award from the Oil and Natural Gas Corporation Limited (ONGC). The contract is for the hiring of gas compression services at Balol GGS-1 in ONGC's Mehsana asset. This is a domestic project awarded by a premier public sector undertaking.
The order carries substantial financial value for the company. As per the filing, the total estimated value of the contract is approximately ₹88.15 crores. The tenure of this service contract is for a period of 3 years. Such a sizeable order from a blue-chip client like ONGC likely provides revenue visibility and has instilled positive sentiment among investors, leading to the increase in share price.
What does Deep Industries Ltd do?
Deep Industries Ltd is a company that operates in the oil and gas services sector, specifically providing gas compression services. Its business involves the hiring of specialized services to support energy infrastructure operations for major industry players.
The company has been awarded a significant contract by Oil and Natural Gas Corporation Limited for these gas compression services. This specific project is located at the Balol GGS-1 in the Mehsana asset, with the engagement planned for a duration of three years. The total estimated value of this awarded service contract is approximately INR 88.15 crores.
Deep Industries Ltd Financials
In CroresDeep Industries Ltd recorded revenue growth from ₹26.55 Crores in March 2026 to ₹30.08 Crores in June 2026, marking a clear upward trend. Conversely, the company's profit declined from ₹2.76 Crores to ₹1.92 Crores over the same period, indicating reduced profitability despite the higher top-line figures.
Deep Industries Ltd Shareholding Pattern
Promoter holding stands at 65.89% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.03% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 34.09% stake in Deep Industries Ltd.
Deep Industries Ltd FAQs
Q: Why did Deep shares jump 4.11% today?
Receipt of order. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Deep Industries Ltd?
As per the latest data, promoters hold 65.89% stake in Deep Industries Ltd, while FII holding stands at 0.03%. Domestic institutional investors hold 0.0%, and public shareholders account for 34.09% of the equity.
Q: What is the current stock price of Deep Industries Ltd?
Deep Industries Ltd shares are currently trading at ₹36.44, recording a gain of 4.11% from the previous close.
Q: What is the market capitalization of Deep Industries Ltd?
The company currently has a market capitalization of ₹88.11 crore, reflecting its valuation in the Indian equity market.