Scripscan:Deep Industries Ltd
cmp:76
Code:532760
Story:Deep Ind is in Gas sector.Actually gas compression company. DEEP Ind is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas Exploration and Production.Deep Industries Limited is a pioneer in the service sector of oil and gas fields, mainly in Gas compression services. We also provide work-over, Drilling Rig and allied services. The Company was formed in the year 1991 primarily for providing valued, dedicated and professional services to the oil & Gas client in India. After 18 years of featured services to the esteemed clients, namely Oil & Natural Gas Corporation Limited (ONGCL), Assam gas, and the Private Operators like Niko-GSPCL, CPCL, GACL, GSPL, HRD, JTI Selan Explorations etc to their utmost satisfaction. Deep Industries Ltd is focusing towards expanding its operation to United States of America (USA), Asian countries and the southern part of India for providing services as an outsourcing service provider to Oil & Gas Industry.Deep Ind is an excellent growth company. Ril Ind is finding more and more gas in Kaveri Basin etc and Gas will be produced in abundance and compressing of Gas will be a prime priority. Deep ind is going to get many more contracts in future. That is what I am seeing.In last Bull Run it made a high of Rs 271 and it is still available over 70% cheaper.The EPS should be around 10 this fiscal thus at present prices its quoting at attractive valuations of single digit multiple.Looking at the future growth market is giving huge discounting for this wonderful company.One can consider investing in the stock at dips.
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1 comment:
Its trading at 52 levels. Your assumptions went wrong during bull run.
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