Deepak Nitrite Ltd. is an Indian chemical manufacturing company. Its manufacturing facilities are located at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra and Hyderabad in Telangana.[4] The company produces a spectrum of chemicals, including Agrochemicals, Colourants, Rubber, Pharmaceuticals, Speciality & Fine chemicals.[5] Deepak Mehta is the chairman of the company and his son Maulik Mehta is the CEO . The founder of the company Chimanlal Khimchand Mehta(father of Deepak Mehta) was the known chemical trader. The company was incorporated in March 1970.
Multibagger stock: Deepak Nitrite up by more than 240 per cent in one year. Deepak Nitrite Limited (DNL) is a trusted name in the chemical industry, having a product portfolio of basic chemicals, fine & speciality chemicals and performance products.
Deepak Nitrite share surged nearly 4 per cent to hit an all-time high of Rs 1,989.20 on the Bombay Stock Exchange after the chemical manufacturing company reported better-than-expected earnings during the March quarter of 2021.
Deepak Nitrite share surged nearly 4 per cent to hit an all-time high of Rs 1,989.20 on the Bombay Stock Exchange after the chemical manufacturing company reported better-than-expected earnings during the March quarter of 2021.
The image below, which you can click on for greater detail, shows that Deepak Nitrite had debt of ₹6.83b at the end of September 2020, a reduction from ₹10.9b over a year. On the flip side, it has ₹496.5m in cash leading to net debt of about ₹6.33b
Script Name –DEEPAK NITRITE
Expire Date-JULY
Buy Price –1947
Profit Target-2140
Stop Loss-1900
Call Duration-CARRY FORWARD
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