Synopsis
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 31375.86 Crore) operating in Chemicals sector.
ThinkStock PhotosChandan Taparia of Motilal Oswal has buy call on Deepak Nitrite with a target price of Rs 2420. The current market price of Deepak Nitrite Ltd. is Rs 2318.75. Time period given by analyst is Intra Day when Deepak Nitrite Ltd. price can reach defined target.
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 31375.86 Crore) operating in Chemicals sector.
Deepak Nitrite Ltd. key Products/Revenue Segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1748.02 Crore, up 3.45 % from last quarter Total Income of Rs 1689.78 Crore and up 41.02 % from last year same quarter Total Income of Rs 1239.57 Crore. Company reported net profit after tax of Rs 242.46 Crore in latest quarter.
Investment Rationale
Stock surpassed its immediate previous hurdle and has been making higher highs over four weeks.
Promoter/FII Holdings
Promoters held 45.69 per cent stake in the company as of 31-Dec-2021, while FIIs owned 8.84 per cent, DIIs 10.74 per cent.
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SynopsisDeepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 31375.86 Crore) operating in Chemicals sector.ThinkStock PhotosPromoters held 45.69 per cent stake in the company as of 31-Dec-2021, while FIIs owned 8.84 per cent, DIIs 10.74 per cent.Chandan Taparia of Motilal Oswal has buy call on Deepak Nitrite with a target price of Rs 2420. The current market price of Deepak Nitrite Ltd. is Rs 2318.75. Time period given by analyst is Intra Day when Deepak Nitrite Ltd. price can reach defined target. Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 31375.86 Crore) operating in Chemicals sector. Deepak Nitrite Ltd. key Products/Revenue Segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending 31-Mar-2021. Financials For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1748.02 Crore, up 3.45 % from last quarter Total Income of Rs 1689.78 Crore and up 41.02 % from last year same quarter Total Income of Rs 1239.57 Crore. Company reported net profit after tax of Rs 242.46 Crore in latest quarter. Investment RationaleStock surpassed its immediate previous hurdle and has been making higher highs over four weeks. Promoter/FII Holdings Promoters held 45.69 per cent stake in the company as of 31-Dec-2021, while FIIs owned 8.84 per cent, DIIs 10.74 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by