Diwali Dhamaka - Deepak Nitrite

    Buy - DEEPAKNTR

    Buy Sell Open Trading Account

    CMP (NSE) 15:55, 20 May

    1,964.85 -16.9-0.85%

    Download

    PDF

    Sector

    Chemicals

    Add to

    WatchList

    Add to

    Portfolio

    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.

    Index vs Stock Relative Chart

    Please refer to Research Disclaimer for additional recommendation parameter, analyst disclaimer and other disclosures.