CMP: ₹519
🔹 Q4 FY26 Revenue Growth: +49% YoY
🔹 FY26 Revenue Growth: +55% YoY
🔹 Order Book: ₹3,000+ Cr providing multi-year visibility
🔹 Operating Cash Flow: ₹270 Cr (up from ₹210 Cr)
🔹 Debt/EBITDA: Only 0.48
**What caught my attention?**
✅ Massive volume expansion during the last few sessions
✅ 1-Jun-2026:
* Volume surge
* Delivery ~51%
* Price +5.7%
This combination often indicates institutional accumulation rather than retail chasing.
✅ Strong earnings momentum
✅ Oil & Gas exploration activity in India is increasing, creating a favorable business environment for oilfield service companies.
**Technical View**
* Support: ₹500
* Strong Support: ₹475-480
* Resistance: ₹520
* Above ₹520, the stock could attempt a move toward ₹560-600.
**Risk**
Recent high-volume sessions showed a decline in delivery percentage, so follow-through buying is needed to confirm the next leg higher.
**My View**
This doesn't look like a distribution pattern. It looks more like a stock transitioning from accumulation to markup phase.
Not a buy/sell recommendation. Do your own research.
#DeepIndustries #DEEPINDS #OilAndGas #StocksToWatch #IndianStocks #TradingView #SmallCap #ValueInvesting
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.