Multibagger Penny Stock: 20 percent bumper jump in this stock, investors became rich, competition to buy stock – multibagger penny stock 20 percent bumper jump in shares of deep industries limited

Mumbai:Amid the boom in the stock market, a boom is being seen in many stocks. One such share is of Deep Industries Limited. Those investing in this stock have become wealthy. There has been a steady rise in the stock for the last one month. This small-cap stock has hit a 52-week high. In the last one month, the shares of this company have jumped by more than 20%. Shares of Deep Industries Limited hit a new 52-week high, surging over 5% in morning trade. The board of the company has recently approved to split the equity shares of the company.The net revenue of the company in Q3FY23 grew by 30.08% YoY to Rs.98.06 Crore. The company is currently trading at a TTM PE of 12.9x as against industry PE of 19.34x. The company achieved ROE and ROCE of 6.49% and 8.32% in FY22.

Deep Industries Limited was incorporated in 1991, The company is engaged in the business of Oil & Gas field services. Today the stock opened at Rs 151.80 with a high and low of Rs 161.85 and Rs 150.60. Currently this stock is trading at the level of Rs 158.05.

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