SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 05 Aug, 2022  

BSE.9.Thmb.jpg Rs 17 to Rs 2,024, Deepak Nitrite's 'Hanuman' jump

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
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.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter