Synopsis: DEE Development Engineers Ltd (DEEDEV) emerged as a top market mover on February 20, 2026, with shares surging over 10% intraday. The rally was ignited by a massive ₹363.84 crore export order from a US-based energy giant and a stellar financial turnaround in the December quarter.
Shares of DEE Development Engineers Limited witnessed explosive buying interest during Friday’s trading session, hitting an intraday high of ₹230.90 on the NSE. This 10.3% jump marks the stock’s most significant single-day gain in 2026, effectively snapping a two-day losing streak and outperforming the Industrial Manufacturing sector by a wide margin.
The ₹363.84 crore Catalyst
The primary driver behind today’s vertical move is a high-value Letter of Intent (LoI) secured from a leading international Original Equipment Manufacturer (OEM) based in the United States. Under this agreement, DEE Development will supply Heat Recovery Steam Generator (HRSG) piping for 16 major units.
Valued at approximately ₹363.84 crore, the contract is valid until February 2027. While the company withheld the client’s name due to confidentiality clauses, the scale of the order significantly bolsters DEE’s order book, which now stands at a robust ₹1,319.91 crore.
Financial Turnaround: From Loss to Profit
Investor sentiment was further bolstered by the company’s Q3FY26 performance. DEE Development reported a decisive turnaround, posting a consolidated net profit of ₹18.28 crore for the quarter ended December 2025, compared to a net loss of ₹13.33 crore in the same period last year. Revenue from operations also saw a staggering 77% year-on-year growth, climbing to ₹286.67 crore.
Technically, the stock has reclaimed its 5-day and 50-day moving averages, signaling strong short-term momentum. However, it still faces resistance near the 200-day moving average, a level analysts are watching closely for a long-term trend confirmation.
Also Read: How Insolation Energy Shares Hit 5% Upper Circuit on NSE Migration Approval
Market Outlook
With the commissioning of its Anjar facility doubling its production capacity to 30,000 MTPA, DEE Development is well-positioned to capitalize on the global uptick in nuclear and gas-based power projects. As the company transitions from a mid-cap player to a global piping specialist, market participants are keeping a close eye on execution timelines for its expanding US and Middle Eastern export pipeline.
Disclaimer: The views expressed are for informational purposes only and do not constitute financial advice. Investing in stocks and IPOs involves significant risk. forgeup.in is not liable for any financial losses. Always consult a certified investment advisor before making any decisions.
Pingback: Why VL E-Governance Shares Hit 20% Upper Circuit Today