Rs 1,275 Crore Order Book: Piping Solutions Company’s Stock Jumps 7.52% with 2 Times Volume Spurt
The stock is up by 85 per cent from its 52-week low of Rs 167 per share.
On Friday, shares of DEE Development Engineers jumped 7.52 per cent to Rs 308.25 per share with an intraday high of Rs 314.40 per share and an intraday low of Rs 286.85 per share from its previous closing of Rs 286.70 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE. The stock’s 52-week high is Rs 400 per share and its 52-week low is Rs 166.60 per share.
Dee Development Engineers Limited (DDEL) is a global leader in specialised process piping solutions, catering to sectors like oil and gas, power (including nuclear), chemicals, and other process industries. Offering a comprehensive service from design to manufacturing, DDEL produces a wide range of piping products including high-pressure systems and custom components. As India's largest player in this domain by installed capacity, the company has a strong international footprint, generating over half its revenue from markets like Canada, Thailand, and the USA.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
DEE Development Engineers Limited (DDEL) has strategically partnered with an International Clean-Tech Partner to enter the green hydrogen sector. This collaboration will deploy modular hydrogen production systems in India and Thailand, leveraging the partner's global hydrogen technology leadership and DDEL's expertise in ultra-pure hydrogen purification systems, project execution, and an established customer base. DDEL also bolstered its green energy portfolio by acquiring a majority stake in Molsieve Designs Limited. This alliance strengthens India's National Green Hydrogen Mission and contributes to both India and Thailand's clean energy goals.
The order book as of April 30, 2025, stood at Rs 1,275 crore and has a market cap of over Rs 2,000 crore. The stock is up by 85 per cent from its 52-week low of Rs 167 per share.
Disclaimer: The article is for informational purposes only and not investment advice.