Business

This stock increased more than 600% after 2 years of listing, the Board of Directors announced a stock split


With a market valuation of $983.52 Cr, Deep Industries Ltd. is a small-cap company operating in the energy industry. The organization has specialization in integrated project management services as well as air & gas compression services, drilling and working services, and gas dewatering services.

The Company informed the stock exchanges that “the meeting of the Board of Directors of the Company is scheduled to be held on Monday, February 6, 2023 to deal with the following matters: first. Review, approve and recognize the unaudited financial results (single and consolidated) of the Company for the quarter and nine months ended 31 December 2022, and recognize the following Limited Assessment Report pursuant to SEBI Regulation 33 (Listing Obligations and Disclosure Requirements) Regulation, 2015. 2. Review and approve the proposal to Split/Split the Company’s Equity Shares in a manner that may be decided by the Board of Directors and must be approved by Shareholders and competent authorities when approved by the Board of Directors. request.”

Shares of Deep Industries Ltd closed on NSE at $308 per person on Friday, up 2.66% from the previous close of $298.35. The stock recorded a total volume of 82,826 shares compared to its 20-day average volume of 91,111 shares. On April 27, 2021, shares of Deep Industries were officially listed on the stock exchange and since then, it has increased by 648.48%, reaching an all-time high. The stock has gained 73.67% in price over the past year, and year-to-date, it is up 3.77% in 2023. The stock hit a 52-week high of $322.00 on (October-2022) and the 52-week low of $165.50 as of February 24, 2022), showing that at current market prices the stock is trading 4.34% below the 1-year high and 86.10% above the low. within 1 year. For the quarter ended December 2022 or the third quarter of fiscal 2023, the company reported a promoter share ratio of 63.49% and a public ownership percentage of 36.51%.


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