Deepak Nitrite is currently trading at Rs. 850.00, up by 53.55 points or 6.72% from its previous closing of Rs. 796.45 on the BSE.
The scrip opened at Rs. 818.00 and has touched a high and low of Rs. 896.00 and Rs. 818.00 respectively. So far 9044 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.00 on 23-May-2014 and a 52 week low of Rs. 211.00 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 896.00 and Rs. 600.00 respectively. The current market cap of the company is Rs. 914.71 crore.
The promoters holding in the company stood at 56.56% while Institutions and Non-Institutions held 7.34% and 36.10% respectively.
There was a report which the company later denied that in a bid to expand its capacity and repay its debt, Deepak Nitrite is planning to raise funds. Recently, the company has commissioned balance capacities of Optical Brightening Agent (OBA) after completion of successful trial runs of production at its new greenfield plant at Dahej district Bharuch in the Gujarat.
The company, which has nearly doubled its revenues in FY14 to Rs 1,271 crore from Rs 661 crore in FY11, is aiming for a turnover of Rs 2,000 crore in FY16. Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine.
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