Rs 17 to Rs 2,024, Deepak Nitrite's 'Hanuman' jump

Top Stories

»	Indian stock markets slump 2 pc amid fresh jitters as US-Iran talks fail
»	Indian rupee gains ahead of RBI deadline to unwind positions
»	Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts
»	RBI holds repo rate at 5.25 pc, maintains neutral instance amid global uncertainty
»	Sensex, Nifty slide 1 pc as Hormuz deadline by US rattles markets

IANS | 05 Aug, 2022
It is really an immense leap in a decade for the Deepak Nitrite scrip that was changing hands for about Rs 17 to Rs 2,024 on Friday.

The scrip even touched a 52 week high of Rs 3,020 and a 52 week low of Rs 1,682.

The company's market cap was Rs 27,608 crore on Friday.

The Rs 2,511 crore revenue company manufactures chemical intermediates that are used in dyes, pigments, paper, agrochemicals, pharmaceuticals, detergents, personal care, fuel additives and others.

Some of the user industries are recession proof.

But the share price vaulting up is a decade story, the question is whether the scrip will give such phenomenal return over the next 10 years is the million dollar question.

According to the company, it is assessing the market conditions for coming with a QIP issue for meeting capex.