India's DEE Development Engineers hits record high; gets orders worth over 2 billion rupees

DEE Development Engineers

02/06/2026 08:10

** Piping systems maker DEE Development Engineers DEEV.NS  rises 5% to 654.2 rupees, hitting an all-time high 
** Stock has gained in eight of the last nine trading sessions
** Company says it secured contracts worth 2.07 billion rupees ($21.75 million) for manufacturing and supply of critical piping assembly
** DEEV holds trailing 12-months PE of 53.37 vs industry median of 13.14 - LSEG data
** "We expect better asset terms, stronger cash generation and improved return ratios going forward," MD Krishnan Bansal said in May at the company's Q4 conference call
** "Demand visibility across our core end markets in India and overseas remain healthy and its strong order pipeline gives us confidence in delivering profitable growth," he added 
** YTD, stock has gained 212.1% vs 7.4% rise in BSE Industrials Index .BSESIDIP 


($1 = 95.1675 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))