The first company is Deep Industries Ltd (NSE: DEEPINDS). The company’s stock has risen sharply. On Monday, the stock opened at Rs 465 against the closing price of Rs 397.20.
After this, it reached the threshold of the upper circuit of Rs 476. The stock is currently up 17 percent.
Let us tell you that when there are only buyers of the stock, then it gets locked on the circuit.
Received The Biggest Order –
In the exchange filing, the company said that it had received an order of Rs 1,402 crore from ONGC. This order has been received regarding the Rajahmundry asset.
Its duration is 15 years. Deep Industries said this is the biggest order the company has received so far.
It is more than double the current order book. At the end of June 2024, the firm’s order book stood at Rs 1 246 crore.
What Does Deep Industry Do –
Deep Industries has been associated with oil and gas services for more than 30 years. The company provides integrated services such as natural gas, workover, and drilling rigs.
The company was started in the 1990s. Recently, Deep has innovated further by offering complete gas processing facilities that are available for charter rent.
This makes it the very first business in India to offer such unique services.
Sharp Fall In Godfrey Phillips India Ltd Stock –
The stock has fallen sharply after the AGM. First, let us tell you about the decisions of the AGM.
Godfrey Phillips India(NSE: GODFRYPHLP) shareholders on Friday voted in favor of reappointing Bina Modi as the company’s managing director (MD).
About 86.64 percent of those who voted supported her continuation as MD.
Apart from this, most of the shareholders gave their approval to the proposal to appoint Charu Modi as the executive director of the company.
The special resolution regarding not filling the vacant post due to the retirement of Sameer Modi was also approved by the voting shareholders.
Let us inform our readers that the Delhi High Court had allowed Bina Modi to vote in the AGM for KK Modi Family Trust’s shareholding of 48 percent.
More than 99.3 percent of the shareholders voted in favor of keeping the seat vacated by Sameer Modi.
Now let us tell you about the stock. The stock opened at Rs 7,115.00 on Monday against the closing price of Rs 7,205.85.
After this, the stock came below Rs 6,770. The stock has fallen by 5 percent. However, the company is also going to give two bonus shares for one.
Quick Fact
| Company name | Deep Industries |
|---|---|
| Recent Stock Rise | 17% increase |
| Monday Opening Price | ₹465 |
| Upper Circuit Limit | ₹476 |
| Recent Closing Price | ₹397.20 |
| Biggest Order Amount | ₹1,402 crore |
| Biggest Order Source | ONGC |
| Order Time | 15 years |
| Current Order Book | ₹1,246 crore (June 2024) |
| Core Services | Oil and gas services |
| Special Service | Gas processing facilities |
| Business Start | 1990s |
| Innovation | First gas processing facility rental in India |
Company name: Godfrey Phillips India
| Company name | Godfrey Phillips India |
|---|---|
| AGM Result | Bina Modi reappointed as MD |
| MD Reappointment Support | 86.64% |
| New Executive Director | Charu Modi |
| Special Resolution | Vacant seat of Sameer Modi |
| Shareholder Support for Special Resolution | 99.3% |
| High Court Ruling | Bina Modi allowed to vote on 48% KK Modi Family Trust shares |
| Monday Opening Price | ₹7,115.00 |
| Monday Closing Price | ₹7,205.85 |
| Stock Drop | 5% decrease |
| Bonus Share Offer | Two bonus shares for one |
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