Deep Industries hit a new 52-week high today at Rs.207.70 and currently remains at Rs.204 levels, 5% up. Volumes are pretty robust at around 4 lakh shares.

The reason for this sudden spike up in the stock price today is on account of some foreign fund buying. Swiss Finance Corp yesterday bought 4 lakh equity shares, which is 1.4% of the company’s capital. This purchase was made at a price of Rs.191.80/share on the BSE.