Diwali Dhamaka - Deepak Nitrite

Buy - DEEPAKNTR

CMP (NSE) 15:55, 20 May

1,964.85 -16.9-0.85%

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Sector

Chemicals

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Reco. Price

2,230

Period

12-Months

Target Price

2,890

upside

%

Stop Loss

0

Last updated on

03 Nov, 2021

DNL's Basic Chemicals (BC) segment surprised, with further sharp improvement in margins (up +530bps QoQ) to 34%. The company took advantage of the positive price trend across certain products

Demand for Fine & Speciality Chemicals continue to be strong.

The nitro business has a decent mix of large and small customers. The nitro business is also benefitting from the closure of capacities in China and the reluctance of European manufacturers to engage in hazardous chemistries.

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