The company made the announcement during market hours today, 20 May 2008.

Meanwhile, the BSE Sensex was down 277.80 points, or 1.59%, at 17157.14, on negative cues from Asian markets. US crude closed at a record above $127 a barrel on Monday, 19 May 2009, raising concerns about its impact on consumer spending and corporate profits.

On BSE, 2.23 lakh shares were traded in the counter. The scrip had an average daily volume of 1.34 lakh shares in the past one quarter.

The stock hit a high of Rs 166.10 and a low of Rs 156 so far during the day. The stock had a 52-week high of Rs 271 on 8 January 2008 and a 52-week low of Rs 63.45 on 13 June 2007.

The scrip had underperformed the market over the past one month till 16 May 2008, gaining 0.16% compared to the Sensexs 5.79% gain. It had also underperformed the market in the past one quarter, falling 3.76% compared to Sensexs 3.76% fall.

The small-cap oil & gas exploration and production firm has an equity capital of Rs 20 crore. Face value per share is Rs 10.

The current price of Rs 160.05 discounts its Q4 March 2008 annualised EPS of Rs 3.06, by a PE multiple of 52.30.

Deep Industries reported a net profit of Rs 1.53 crore in Q4 March 2008 as against a net loss of Rs 0.63 crore in Q4 March 2007. Sales jumped 177.3% to Rs 6.10 crore on in Q4 March 2008 over Q4 March 2007.

The company provides equipments and services for drilling and work over, air and gas compression and allied business.

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