Oil and Natural Gas Corporation Limited has given an award letter to this company and has said that it will do charter hiring of HP Compressor for a period of 3 years, since then there is a jump in the stock price of this company.
The names of these two companies are: Deep Industries Limited.
Let us tell you that Deep Industries Limited recently informed in its exchange filing that this deal has been awarded to the company for a period of 3 years in which the company has received the award letter for the charter hiring of HP Compressor in Assam.
Under this deal, the company will be provided with HP compressors consisting of two operational and one standby units, the order of which is worth Rs 108 crore.
If you talk about the profit of Deep Industries Limited company, you will find that this company has been making less profit every year in its sector.
Out of which the companyโs revenue in this Q1FY24 was Rs 101.32 crore, which is an increase of 38.51% on an annual basis.
Not only this, shares of Deep Industries Limited have also given multibagger returns to its shareholders in the last one year.
In one year, the companyโs share price increased from Rs 122.63 on September 26, 2022 to Rs 256.65 on September 22, 2023, which is an increase of more than 100% in its holding period in one year.
And if you look at the companyโs record of returns for the last five years, you will find that the company has given returns of more than 1,148% to its shareholders in the last 5 years.
Disclaimer: This article has been written for informational purposes only, please consult your financial advisors for investment advice.
