India’s Deep Industries gains on two ONGC orders
26/12/2022 05:05
** Shares of Deep Industries Ltd DEEI.NS rise as much as
7.45% to 262.5 rupees for highest intraday pct gain since Oct.
19
** Energy solutions provider said last week that it got two
orders from ONGC ONGC.NS for 1.35 billion rupees($16.3
million) and for 431.3 million rupees($5.2 million) for hiring
of gas dehydration and compression services for two and three
years, respectively
** Stock has traded under its 50-day moving average for
three consecutive sessions
** ~60,000 shares traded as of 10:07 am IST, 0.9 times the
30-day moving average
** Up to last close, stock had risen ~55.8%
($1 = 82.83 rupees)
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com;))