Chemicals firm Deepak Nitrite hit a new year high in share price on large volumes today, after Edelweiss issued a buy call on the stock. Analysts noted that the company had "a quiver full of growth catalysts", with the company initiating an acetone phenol project in FY17. Edelweiss analysts estimated a price target of Rs. 360 for the company, noting that its specialty chemicals division is also growing fast, and expected to contribute to rising profitability.