Small Cap Energy Sector Stock Approves Stock Split, Gained Over 60% In 1 Year, Details Inside

Deep Industries Ltd, a small cap Energy sector stock with a market capitalisation of Rs 945.76 crore approves Stock Split in its Board Meeting held on 6 February 2023. The company specializes in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, etc. Below are the details:

Deep Industries Ltd Stock Performance

The stock of Deep Industries today opened at Rs 310.10 apiece, currently trading at Rs 295.60 apiece, down 1.17% from the previous close. The stock recorded the 52-week low on 24 February 2022 at Rs 165.50 apiece and 52-week high on 24 January 2022 at Rs 322 apiece, respectively. It has given 6.22% positive return in 1 week. It has given 6.12% positive return in 1 month. In 3 months it gave 5.58% positive return. In the past 1 year, it gave the highest 63.2% positive return.

Deep Industries Ltd Approves Stock Split

According to the regulatory filing by the Board Of Directors of Deep Industries Ltd. on February 6, 2023, "The Board of Directors of the Company at its board meeting held today has accorded its approval to sub-divide/split the Equity Shares of the 'Company such that 1 (One) Equity Share having nominal/face value of Rs. 10/- (Rupees Ten Only) each be sub-dividend into 2 (Two) Equity Shares having nominal/face value of Rs. 5/- (Rupee Five Only) each subject to approval of the shareholders of the Company or any other regulatory authority, if any."

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