FUTURE CASH: BUY DEEPAK NITRITE

• July 30, 2021
• By Dipankar Sardar
• 109 Views 245 comments

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.^[1]Sodium Nitrite & Nitrate Plants were commissioned at Nadesari, Vadodara, Gujarat and production started in 1972. The plant produces chemicals like sodium nitrite, sodium nitrate and other allied chemicals, dyes, hexamethylene tetramine and dyes intermediates.^[5][7]The company held its Initial public offering (IPO) in 1971.^[7] The IPO oversubscribed by 20 times.In 1984 company acquire Sahyadri Dyestuffs & Chemicals unit from Mafatlal Industries.^[8]Company established Hydrogenation Plant at Taloja, Maharashtra in 1995.^[9]The company acquired management and control of Aryan Pesticides Limited, Roha and DASDA Division of Vasant Chemicals, Telangana in 2003 and 2007 respectively.^[10][11]In 2015, The company promoted Deepak Phenolics Limited for manufacturing of Phenol & Acetone at Dahej, Gujarat. At Deepak Group, we are committed to create a socially inclusive and empowered society. Our CSR Wing – Deepak Foundation started by Shri CK Mehta, the group’s Chairman-Emeritus in 1982 in Vadodara, India is positively impacting lives of over 2 million people though multi-faceted programs . Our foundation is partnering with various private and public entities to empower underprivileged communities. With its footprints in 5 states in India, Deepak is steadily building an equitable social order.

 Script Name –DEEPAK NITRITE

Expire Date-AUGUST

Buy Price –2080

Profit Target- 2090/2100

Stop Loss-2070

Call Duration-DELEVERY

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