Deep Industries wins INR 49.10 cr ONGC gas compression contract for 5 years

Govt Defence OrderBusiness Updates View source PDF Explain this filing

DEEPINDS · price

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

-2.2%Reaction day

₹455.25

prior close

₹440.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-1.5% vs market

Oil peers, median of 16sector · industry level-0.6%-1.6% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.6 pts less 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

+0.1

10m

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15m

+1.2

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-0.7-1.5-0.6-1.6

Next day

-0.6-2.7+2.1+0.7-1.3

-0.4-0.8+0.4-0.4+0.0

+2.0+0.5+1.5+0.4+1.6

+1.5+0.7+0.8+1.6-0.1

+2.2-0.3+2.5+1.4+0.8

+4.3-0.2+4.5+1.1+3.2

15d

+11.0-1.7+12.7+2.8+8.3

+39.9+2.7+37.2+3.4+36.5

+72.4+4.8+67.7+20.7+51.8

+74.3+3.2+71.1+9.7+64.7

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 16Pending

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

AI summary

Deep Industries has received a Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) for charter hiring services for Natural Gas Compression at GGS Paliyad, Ahmedabad asset. The contract is for 5 years with an estimated total value of about INR 49.10 crores. It is a domestic order, not a related party transaction, and is in the ordinary course of business.

Likely market impact

Adds a 5-year revenue stream of about INR 49.10 crores from a government-owned client, improving order book visibility and earnings stability.