52-week high alert: This small-cap company has delivered over 450 per cent returns in just two years!

Shares of this company have gained more than 35 per cent in last six months.

On May 26, 2023, shares of Deep Industries Limited made a fresh 52-week high, gaining 0.77 per cent on Friday. Over the past month, the company’s shares have gained more than 7 per cent. On Friday, the stock opened at Rs 184.05, with a high and low of Rs 186.80 and Rs 181.90. The stock closed trading at Rs 184.05, showing a 0.77 per cent increase.

The stock has also delivered multibagger returns to its shareholders, the company’s share price jumping from Rs 31.63 on May 28, 2021, to Rs 184.05 on May 26, 2023, representing an increase of about 490 per cent. The stock has exhibited tremendous growth and has provided multibagger returns to its shareholders over a two-year holding period.  

Recently, the company received a Letter of Award from Oil and Natural Gas Corporation for a work order worth Rs 106 crore. The work order entails providing mobile drilling Rigs of 1000 HP and equipment together with providing manpower in terms of roustabouts etc for maintaining the mud systems as per the requirement of the job.

Deep Industries Limited is engaged in the business of oil and gas field services. The company specializes in providing air & gas compression services, drilling and workover services, gas dehydration services, etc. The company also provides integrated project management services.  

DSIJ offers a product 'Vriddhi Growth' with recommendations for long term stocks to invest for growth based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here