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Deep Industries’ stock has been falling for the last five days and has fallen nearly 30%, amidst its Rs. 80cr alleged scam with ONGC. The company was awarded ONGC Rajamundhry unit’s Gas Dehydration Unit (GDU) supply contract, and it was later discovered that the allocation of the contract was done by overlooking ONGCs norms. The stocks of Deep Industries have lowered by 47.86% since the beginning of this year.
