Deepak Nitrite jumps as its arm commences commercial production of IPA

23 Apr 2020 Evaluate

Deepak Nitrite is currently trading at Rs. 481.35, up by 24.15 points or 5.28% from its previous closing of Rs. 457.20 on the BSE.

The scrip opened at Rs. 478.80 and has touched a high and low of Rs. 489.80 and Rs. 476.00 respectively. So far 88324 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 543.40 on 04-Mar-2020 and a 52 week low of Rs. 256.95 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 489.80 and Rs. 442.20 respectively. The current market cap of the company is Rs. 6564.60 crore.

The promoters holding in the company stood at 45.64%, while Institutions and Non-Institutions held 26.17% and 28.19% respectively.

Deepak Phenolics, a wholly owned subsidiary of Deepak Nitrite, has commenced commercial production of Isopropyl Alcohol (IPA) at its manufacturing facility situated at Dahej, Gujarat effective April 21, 2020. This facility has the manufacturing capacity of 30,000 MT of IPA annually.

IPA product is a Solvent and majorly used by Pharma companies and is also used for manufacturing sanitizer.

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

2123.10 -32.50 (-1.51%)
28-Mar-2024 16:01 View Price Chart
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