{"id":110676,"date":"2023-09-25T14:05:12","date_gmt":"2023-09-25T08:35:12","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110676"},"modified":"2023-09-25T14:05:17","modified_gmt":"2023-09-25T08:35:17","slug":"multibagger-stock-jumps-up-to-9-after-bagging-an-order-worth-108-cr-from-ongc","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-up-to-9-after-bagging-an-order-worth-108-cr-from-ongc\/","title":{"rendered":"Multibagger stock jumps up to 9% after bagging an order worth \u20b9 108 Cr from ONGC"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1958893482\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this multibagger stock under the \u2018small-cap\u2019 category rose up to 9 percent on Monday after securing a domestic order from ONGC worth Rs 108 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2665529836\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 1,712.64 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DEEPINDS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Deep Industries Limited<\/a><\/strong> started their trading session on Monday at Rs 261.90 and currently trade at Rs 267.60. The company\u2019s scrip witnessed an intra-day high of Rs 279.70 indicating a gain of around 9 percent as compared to the previous close of Rs 256.45 apiece.\u00a0<\/p><p>Such stock price movements were witnessed after the company, through a regulatory filing with the BSE dated 23rd September 2023, announced that the company has received a Letter of Award (LoA) from Oil and Natural Gas Corporation Limited (ONGC) worth Rs 108 crores.&nbsp;<\/p><p>The work order mentioned above pertains to the provision of HP Compressors. The execution time decided is within a period of three years from the date of mobilization.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-51143147\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Keeping a purview of just six months, the company\u2019s stock has proven to deliver multibagger returns of around 105 percent, i.e., if someone had invested Rs 1 lakh into the company\u2019s stock, it would have converted to Rs 2.05 lakhs within a period of six months.&nbsp;<\/p><p>During the past couple of financial years, the company\u2019s financial performance has been positive with an increase in the basic business indicators such as the operating revenues and after-tax profits.&nbsp;<\/p><p>The operating revenues increased from Rs 321.63 crores during FY21-22 to Rs 341.34 crores during FY22-23, and, the after-tax profits, in alignment with the above, went up from Rs 72.4 crores to Rs 125.3 crores.&nbsp;<\/p><p>The latest shareholding pattern of the company portrays the Promoters holding a 63.49 percent stake, and the Foreign Institutional Investors (FIIs) holding a 1.19 percent stake in the company.&nbsp;<\/p><p>Founded in 1991, Deep Industries Limited is a natural gas compression services provider based in India that holds an interest in gas dehydration, air &amp; gas compression, drilling, etc. The company has also diversified into providing drilling and work-over services to production and exploration players through a fleet of rigs.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2942770652\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-170229404\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this multibagger stock under the \u2018small-cap\u2019 category rose up to 9 percent on Monday after securing a domestic order from ONGC worth Rs 108 crores.&nbsp; With a market capitalization of Rs 1,712.64 crores, the stocks of Deep Industries Limited started their trading session on Monday at Rs 261.90 and currently trade at Rs [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":40488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9952,9953,9951,948,936,9955],"class_list":["post-110676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-deep-industries-latest-news","tag-deep-industries-latest-orders","tag-deep-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-deep-industries-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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