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Deepak Nitrite gains on acquiring industrial land at Dahej

15 Jan 2020 Evaluate

Deepak Nitrite is currently trading at Rs. 391.75, up by 2.40 points or 0.62% from its previous closing of Rs. 389.35 on the BSE.

The scrip opened at Rs. 388.90 and has touched a high and low of Rs. 394.75 and Rs. 386.00 respectively. So far 9397 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 400.95 on 13-Jan-2020 and a 52 week low of Rs. 206.05 on 28-Jan-2019.

Last one week high and low of the scrip stood at Rs. 400.95 and Rs. 382.00 respectively. The current market cap of the company is Rs. 5332.97 crore.

The promoters holding in the company stood at 45.64%, while Institutions and Non-Institutions held 25.85% and 28.50% respectively.

Deepak Nitrite has acquired industrial land admeasuring around 125 acres situated at Industrial Phase, GIDC Industrial Estate, Dahej-2, Gujarat for a total consideration of Rs 99.25 crore.

The company has received transfer order from Gujarat Industrial Development Corporation (GIDC) in its favour in respect of the said industrial land and has paid the entire purchase consideration and other related charges. The said industrial land will be utilized by the company for the future growth /expansion plans of the company.

Deepak Nitrite, a flagship company of Deepak Group, is a leading manufacturer of organic, inorganic, fine and specialty chemicals. The company's product range includes a spectrum of chemicals which caters to a wide range of industries including Colourants, Agrochemicals, Pharmaceuticals, Rubber, Speciality & Fine chemicals.

Deepak Nitrite Share Price

1538.00 2.95 (0.19%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
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SRF 2493.65
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Deepak Nitrite 1538.00
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