With oil on the boil, here are four small cap stocks for your watch list
Escalating tensions in the Middle East have pushed crude prices into the spotlight, making it the single biggest trigger for the recent sell-off in Indian equities.Brent crude prices experienced a sharp spike and a violent reversal on Monday, skyrocketing to nearly $120 per barrel before settling under $100 amid rising tensions in West Asia, supply constraints, and fears of a prolonged conflict.A blockade at the Strait of Hormuz, a choke point that carries about a fifth of global oil, has reignited supply shock fears, lifting crude prices and heightening risks for import-dependent economies such as India’s. Oil and related energy stocks in India have therefore come into sharp focus.Today, we take a closer look at small cap companies in India’s oil industry.
All the companies mentioned below have a market capitalisation below ₹5,000 crore.The company has over three decades of experience in providing integrated solutions for oil and gas field operations, and is a one-stop solutions provider for oil & gas field operations & services.Through its diversified portfolio, Deep Industries now covers more than 70% of the post-exploration services within the oil & gas value chain. According to its annual report for FY25, the company has served long-term contracts for drilling rig and workover services to a variety of clients, over the past 16 years, including PSUs and private E&P companies, and has an excellent track record in India.It aims to expand its rig business into overseas markets.
It has already been approved as a drilling contractor by Kuwait Oil Company for providing rigs. As of FY25, the company owns 17 drilling and workover rigs, including 11 workover rigs with capacities ranging from 30T to 150T, and 6 drilling rigs
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