DSIJ Mindshare

Market volatility, as indicated by India VIX, has declined by 1.34 per cent, reflecting a decrease in market volatility.

The company has a market cap of Rs 501 crore with an ROE of 18.5 per cent and an ROCE of 19.9 per cent. In Q3FY24, the net sales increased by 10 per cent to Rs 33.37 crore and the net profit increased by 1,216 per cent to Rs 4.87 crore compared to Q3FY22. The net sales increased by 1,216 per cent to Rs 4.87 crore and net profit increased by 16 per cent to Rs 2.21 crore in FY23 compared to FY22.

Talking about the financials, the company has a market cap of Rs 833 crore with a 3-year stock price CAGR of 193 per cent. According to the Quarterly Results, the net sales increased by 44.42 per cent to Rs 65.51 crore and net profit increased by 5.88 per cent to Rs 3.06 crore in Q3FY24 compared to Q3FY23. As of December 2023, promoters own a 48.81 per cent stake in the company, Domestic Institutional Investors (DIIs) own 2.48 per cent stake and the rest of the stake is owned by the general public i.e., 48.71 per cent.

Today, shares of Deep Energy Resources Ltd trading at Rs 190 per share up by 3.55 per cent. The stock’s 52-week high is Rs 237 and its 52-week low is Rs 109.