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Multibagger chemical stock slips 3% on Q4 earnings; 24% upside seen in a year

Deepak Nitrite stock fell 3.23% to Rs 1864.3 against the previous close of Rs 1926.55 on BSE. Market cap of Deepak Nitrite stood at Rs 26, 579 crore. ....

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Rs 213 to Rs 2,335: This stock turned into a multibagger in three years

An amount of Rs 1 lakh invested in the stock three years ago would have turned into Rs 10.96 lakh today. In comparison, Sensex has risen 61.2 per cent during the period.

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Rs 808 to Rs 2,753: This chemical stock zoomed over 240% in one year; hit an all-time high today

The multibagger stock has surged from Rs 808 to Rs 2,753.7. It has gained 185 per cent since the beginning of this year and has risen 241 per cent in the past year. ....

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Deepak Nitrite: Analysts see further upside despite 135% rally in 6 months

Shares of Deepak Nitrite have held out against the market volatility over the past two weeks. As against a per cent decline in the frontline S&P BSE Sensex, the stock has jumped nearly 23 per cent during the period.
Over the past six months, the stock has clocked a massive 135 per cent rally compared with a 27 per cent gain in the Sensex index. And analysts see more upside to the rally.
“We believe Deepak Nitrite’s stellar stock performance over the past two years has been driven by the firm’s proactive strategy of pushing for ‘Make In India’, even before the formal policy was instituted by the government by consistently tapping into growth opportunities including import substitution avenues,” says Suvarna Joshi, senior research analyst at Axis Securities. ....

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This chemical stock gave 300% returns in 11 months

Deepak Nitrite shares rallied 300 per cent from its 52-week low of Rs 310 as on March 19, 2020, on improving demand scenario across several end-user industries such as plywood, pharma, adhesives, sanitisers, chemicals and paints ....

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