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Deepak Nitrite moves up on planning to raise funds via QIP

07 Dec 2017

Deepak Nitrite is currently trading at Rs. 203.20, up by 0.15 points or 0.07% from its previous closing of Rs. 203.05 on the BSE.

The scrip opened at Rs. 205.00 and has touched a high and low of Rs. 205.35 and Rs. 202.10 respectively. So far 7555 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 234.00 on 11-Oct-2017 and a 52 week low of Rs. 75.80 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 212.50 and Rs. 196.00 respectively. The current market cap of the company is Rs. 2654.09 crore.

The promoters holding in the company stood at 46.59%, while institutions and non-institutions held 24.18% and 29.23% respectively.

Deepak Nitrite is planning to raise funds through Qualified Institutions Placement (QIP) of equity shares of the Company. The meeting of Board of Directors of the company is scheduled to be held on December 11, 2017, to consider the same.

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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