September 19, 2024

This smallcap stock hits a 52 week high after a share split – this smallcap stock hits a 52 week high after a share split


Mumbai –Shares of Deep Industries Limited rose more than 5% to hit a 52-week high in the morning session on Friday. The company board has recently approved sub-division/splitting of the equity shares of the company. Accordingly, 1 (one) equity share of face value of Rs.10 will be divided into 2 (two) equity shares of face value of Rs.5 each.The company’s net income on consolidated basis for the third quarter of the last financial year increased by 30.08% year-on-year to 98.06 Crore has been done. Bottom line increased by 45.2% to 24.93 crores during the quarter. The company is currently trading at a TTM PE of 12.9 times as against its industry PE of 19.34 times. The company achieved ROE and ROCE of 6.49% and 8.32% respectively in FY 2021-22. The company with a market capitalization of Rs 1,018.24 crore is a component of Group B shares.

This article is published by Dalal Street Investment Journal, India’s No. 1 investment magazine. Click here and subscribe to receive regular shares and recommendations from Teji.

Deep Industries Limited Company was established in 1991. This company is engaged in business related to oil and gas sector. The company provides air and gas compression services, drilling and workover services, gas dehydration services, etc. The company also offers integrated project management services.

The company’s share was trading at Rs 151.80 in the morning session on Friday. Its session high and low were Rs 161.85 and Rs 150.60 respectively. The stock is currently trading at Rs 158.05. It has increased by 4.01 percent from its previous close of Rs.151.95.
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