Deep Industries, a company engaged in oil and gas feild operations, witnessed a rise in share price on Friday after the company has bagged contract from ONGC.

The contract is for securing the services of 30 Tons Workover Rig to be deployed in ONGC CBM Asset, Bokaro. The tenure of the contract is 1 year and the total estimated value of the said contract is Rs 37.2 million.

Shares of Deep Industries are trading at Rs 281.60, up Rs 3.45, or 1.24% at the Bombay Stock Exchange (BSE) on Friday at 10:33 a.m.

The scrip has touched an intra-day high of Rs 285.00 and low of Rs 280.05. The total volume of shares traded at the BSE is 5,984.

Total volume of shares traded on the bourses today was lower by 75.72% to 54,553 compared with 22-day average volume of 224,729.