Deep Industries Stock Surges 1180% Over Five Years Following ONGC Order
Up 1180% in 5 years! Multibagger Deep Industries stock to be in focus on Tuesday after securing order from ONGC
Mint
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Deep Industries' shares are gaining investor attention after securing a ₹59 crore contract from Oil and Natural Gas Corporation (ONGC) for services at the Malleswaram field in Andhra Pradesh, India. The stock has seen a remarkable 1180% increase over the last five years, reflecting strong financial performance and investor confidence.
- 01Deep Industries secured a ₹59 crore order from ONGC for natural gas services.
- 02The stock has risen 1180% over the past five years.
- 03In Q3FY26, the company reported a 49.8% increase in net profit.
- 04The stock reached an all-time high of ₹624.50 per share.
- 05Deep Industries is also collaborating on green hydrogen projects.
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Deep Industries has captured investor interest following the announcement of a new ₹59 crore contract with Oil and Natural Gas Corporation (ONGC) for services related to natural gas compressors and dehydration at the Malleswaram field in Andhra Pradesh, India. This contract, awarded for a period of three years, marks the company's second significant order win, following a ₹148 crore contract from Oil India for a mobile drilling rig package earlier this year. The company has demonstrated robust financial growth, reporting a 49.8% increase in net profit to ₹71.3 crore for the December-ended quarter (Q3FY26), alongside a 43.1% rise in revenue to ₹221.5 crore. Over the last five years, Deep Industries' stock has skyrocketed by 1180%, reflecting strong investor confidence, despite recent pressures on the stock price. The stock's performance has been bolstered by consistent positive returns over the last four years, with an all-time high of ₹624.50 reached recently. Additionally, Deep Industries is actively pursuing opportunities in the green hydrogen sector through a partnership with Advait Greenergy Private Limited.
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The new contract may lead to job creation and increased economic activity in the region, benefiting local suppliers and service providers.
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