Deep Industries Limited has informed the Exchange about General Updates

Major Contract CancelledBusiness Updates View source PDF Explain this filing

DEEPINDS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹382.00

prior close

₹358.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+0.4% vs market

Oil peers, median of 15sector · industry level-2.3%+1.9% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.9 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+5.1

10m

+6.6

15m

+6.3

30m

+6.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.7+0.4-2.3+1.9

Next day

+0.4+0.2+0.1-0.3+0.6

+0.5+0.5+0.0+0.6-0.1

-1.6-0.9-0.7+0.8-2.3

-1.8-1.0-0.8+4.2-6.0

-3.1-0.9-2.2+3.4-6.5

-7.6-2.0-5.6+3.5-11.1

15d

-8.9-6.9-2.0+1.6-10.5

-8.8-10.5+1.7-3.8-5.0

+25.9+1.5+24.3+3.9+22.0

+16.2+3.8+12.4+10.2+6.0

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Deep Industries has been provisionally suspended from doing business with ONGC, one of its major clients, over alleged non-performance in a Drilling Rig contract. The company disputes the suspension, calling it unwarranted, and plans to challenge it through arbitration and legal remedies. Deep Industries claims its overall business continues unaffected and points to a strong order book and healthy financial position. The scale of the ONGC contract relative to total revenue is not disclosed in this filing.

Likely market impact

Short-term negative sentiment likely as this involves a key PSU client (ONGC) suspending business ties, but the company is contesting it and says operations are uninterrupted. Shareholders should watch for arbitration outcomes and any further disclosure on the financial impact of the affected rig contract.