1772.85 -1.75 (-0.10%)

287.34% Gain from 52W Low

1.0M NSE+BSE Volume

NSEJun 17, 2021 03:31 PM



Deepak Nitrite Ltd.    
16 Jun 2021, 11:41AM
1772.85
-0.10%
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Deepak Nitrite Ltd.    
11 Jun 2021
1772.85
-0.10%
Deepak Nitrite Ltd.    
10 Jun 2021
1772.85
-0.10%
Deepak Nitrite Ltd.    
02 Jun 2021
1772.85
-0.10%
Deepak Nitrite Ltd.    
25 May 2021
1772.85
-0.10%
Deepak Nitrite Ltd.    
24 May 2021
1772.85
-0.10%
buy
Accumulate: Deepak Nitrite Ltd.
CD Equisearch
Bolstered by phenolics and fine & speciality chemicals business, DNL's income from operations rose apace in Q4 with the phenolics accounting for nearly two-thirds of the whole. Swiftly pacing, its phenol business logged capacity utilization in excess of 115% when compared to 98% in the same quarter a year ago. With little scoping of draining out reward of operating leverage at such record production churn, its EBIT margins admirably...
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Deepak Nitrite Ltd. has gained 283.03% in the last 1 Year
Deepak Nitrite Ltd.    
20 May 2021
1772.85
-0.10%
Deepak Nitrite Ltd.    
18 May 2021
1772.85
-0.10%
Deepak Nitrite Ltd.    
18 May 2021
1772.85
-0.10%
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Deepak Nitrite Ltd.    
10 May 2021
1772.85
-0.10%
HDFC Securities
We downgrade DNL to SELL from ADD, with a revised target price of INR 1,550. Deepak Nitrites (DNL) stock soared 227% in the past one year to INR 1,800 driven by (1) accretive performance by Deepak Phenolics Ltd (DPL), the wholly-owned subsidiary of DNL; (2) strong growth in Fine and Specialty Chemicals segment (FSC); and (3) recovery in the Basic Chemicals segment (BC) in the past nine months. This led to EBITDA and PAT expanding by 22% YoY and 27% YoY to INR 12bn and INR 8bn in FY21. DPL is doubling its IPA plants capacity to 60ktpa in FY22, and is planning to introduce downstream products from Phenol and Acetone. The company is adding new chemistries like fluorination and photochlorination into its product offerings
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Deepak Nitrite Ltd. has an average target of 1857.33 from 3 brokers.
Total Votes: 673
BUY
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83.06%
9.96%
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