Deepak Nitrite rises on selling parcel of land in Pune for Rs 69.60 crore

03 May 2016

Deepak Nitrite is currently trading at Rs. 71.00, up by 0.50 points or 0.71% from its previous closing of Rs. 70.50 on the BSE.

The scrip opened at Rs. 70.70 and has touched a high and low of Rs. 71.80 and Rs. 70.70 respectively. So far 2711 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 79.90 on 23-Dec-2015 and a 52 week low of Rs. 54.50 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 73.00 and Rs. 69.30 respectively. The current market cap of the company is Rs. 819.83 crore.

The promoters holding in the company stood at 51.79% while Institutions and Non-Institutions held 13.16% and 35.05% respectively.

Deepak Nitrite has sold a parcel of land in Pune for a total consideration of Rs 69.60 crore. The company has concluded the sale of 12,141 sq mtr of land situated at Sinhagadh Road, Pune in Maharashtra.

The company has also surrendered/assigned its lease hold right in respect of adjoining land admeasuring 8,093 sq mtr, situated at Sinhagad Road, Pune for a total consideration of Rs 9.66 crore.

Gujarat-headquartered Deepak Nitrite has manufacturing facilities at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra, and at Hyderabad in Andhra Pradesh. It manufactures Bulk Chemicals & Commodities, Fine & Speciality Chemicals and Fluorescent Whitening Agents.

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