Company Profile

DEEPAK NITRITE LTD.

NSE : DEEPAKNTRBSE : 506401ISIN CODE : INE288B01029Industry : Chemicals House : Mehta CK
BSE865.0559.65 (+7.41 % )
PREV CLOSE (Rs.) 805.40
OPEN PRICE (Rs.) 802.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 273366
TODAY'S LOW / HIGH (Rs.)802.00 871.60
52 WK LOW / HIGH (Rs.)310 888
NSE865.10 59.75 (+7.42 % )
PREV CLOSE(Rs.) 805.35
OPEN PRICE (Rs.) 800.00
BID PRICE (QTY) 865.10 (12156 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 2763663
TODAY'S LOW / HIGH(Rs.) 800.00 872.00
52 WK LOW / HIGH (Rs.)310 888

Company News

Date Heading Details
25-Nov-2020 Deepak Nitrite wins Forbes Asia Best Under Billion Top 200 Award <p align="justify">Deepak Nitrite has received Forbes Asia Best Under Billion Top 200 Award. To celebrate the success of these 200 Best Under A Billion companies, Forbes Asia Best Under A Billion Virtual Forum and Awards Ceremony was held on November 23 from Singapore.<br></p><p align="justify">The annual Forbes Asia Best Under A Billion list spotlights top performing publicly listed companies in the Asia-Pacific region with sales under $1billion. From 18,000 small and mid-sized companies, 200 companies were selected based on a composite score that incorporated their overall track record in measures such as debt, sales and earnings growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity. The criteria also ensured a geographic diversity of companies from across the region. By using metrics both quantitative and qualitative, the final list of 200 companies were shortlisted.</p><p align="justify">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 &amp; Fine chemicals.<br></p>
25-Nov-2020 Deepak Nitrite gains on the bourses <p align="justify">Deepak Nitrite is currently trading at Rs. 809.80, up by 2.25 points or 0.28% from its previous closing of Rs. 807.55 on the BSE.<p align="justify">The scrip opened at Rs. 818.95 and has touched a high and low of Rs. 819.25 and Rs. 801.90 respectively. So far 14223 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 888.00 on 18-Sep-2020 and a 52 week low of Rs. 310.00 on 23-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 831.30 and Rs. 795.00 respectively. The current market cap of the company is Rs. 10979.64 crore.<p align="justify">The promoters holding in the company stood at 45.69%, while Institutions and Non-Institutions held 24.74% and 29.56% respectively.<p align="justify">Deepak Nitrite has received Forbes Asia Best Under Billion Top 200 Award. To celebrate the success of these 200 Best Under A Billion companies, Forbes Asia Best Under A Billion Virtual Forum and Awards Ceremony was held on November 23 from Singapore.<p align="justify">The annual Forbes Asia Best Under A Billion list spotlights top performing publicly listed companies in the Asia-Pacific region with sales under $1billion. From 18,000 small and mid-sized companies, 200 companies were selected based on a composite score that incorporated their overall track record in measures such as debt, sales and earnings growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity. The criteria also ensured a geographic diversity of companies from across the region. By using metrics both quantitative and qualitative, the final list of 200 companies were shortlisted.<p align="justify">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 &amp; Fine chemicals.</p>
13-Oct-2020 Deepak Nitrite incorporates WOS company <p align="justify">Deepak Nitrite has incorporated a wholly owned subsidiary (WOS) company named Deepak Clean Tech (DCTL) with effect from October 9, 2020. DCTL shall carry out business in the field of manufacture of chemical intermediate products.</p><p align="justify">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 &amp; Fine chemicals.<br></p>
13-Oct-2020 Deepak Nitrite shines on incorporating WOS company <p align="justify">Deepak Nitrite is currently trading at Rs. 750.85, up by 16.45 points or 2.24% from its previous closing of Rs. 734.40 on the BSE.</p><p align="justify">The scrip opened at Rs. 739.95 and has touched a high and low of Rs. 757.00 and Rs. 737.90 respectively. So far 19983 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 888.00 on 18-Sep-2020 and a 52 week low of Rs. 295.95 on 15-Oct-2019.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 806.00 and Rs. 806.00 respectively. The current market cap of the company is Rs. 10016.70 crore.</p><p align="justify">The promoters holding in the company stood at 45.69%, while Institutions and Non-Institutions held 25.02% and 29.28% respectively.</p><p align="justify">Deepak Nitrite has incorporated a wholly owned subsidiary (WOS) company named Deepak Clean Tech (DCTL) with effect from October 9, 2020. DCTL shall carry out business in the field of manufacture of chemical intermediate products.</p><p align="justify">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 &amp; Fine chemicals.<br></p>
13-Oct-2020 Infosys, BPCL and M&M to see some action today <p align="justify"><strong>Infosys</strong> has completed the acquisition of Kaleidoscope Innovation, a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets, bolstering capabilities in the design of smart products. This follows the announcement the company made on September 03, 2020. This acquisition demonstrates Infosys' commitment to innovate for its clients, and make meaningful impact on human lives through a combination of cutting-edge technologies.</p><p align="justify"><strong>Bharat Petroleum Corporation</strong> (BPCL), which controls 11-12 percent of the around Rs 35,000-crore engine oil market, has set a target of raising its market share to 13-14 percent by March, given the rising rural demand as the farm sector is set for yet another bumper harvest. The second-largest national oil marketer is also expecting to increase its rural volumes to 60 percent and above by the end of this fiscal, from 45-50 percent now. Tractor oils are the largest selling product for the divestment-bound company that sells its lubes under the umbrella brand of Mak.</p><p align="justify"><strong>Mahindra &amp; Mahindra</strong> (M&amp;M) has launched BS-VI compliant variants of its three-wheeler brand Alfa, priced up to Rs 2.67 lakh (ex-showroom Mumbai). The three-wheeler brand comes with four trims to cater to both passenger and cargo segments. The price of cargo variants starts from Rs 2.59 lakh while that of the passenger trims begin from Rs 2.67 lakh. There has been some delay in launching&nbsp; BS-VI range of three-wheelers, given the supply chain disruptions due to COVID-19.</p><p align="justify"><strong>Godrej Properties</strong> (GPL) has entered into an outright transaction to purchase a well located land parcel in Sarjapur, Bangalore. Spread across approximately 15 acres, this project will offer approximately 0.15 million square meters (1.6 million square feet) of potential saleable area comprising of residential apartments of various configurations. Sarjapur has established itself as one of the most preferred residential locations in Bangalore with good connectivity to Outer Ring Road and several other key hubs of Bangalore.</p><p align="justify"><strong>Deepak Nitrite</strong> has incorporated a wholly owned subsidiary (WOS) company named Deepak Clean Tech (DCTL) with effect from October 9, 2020. DCTL shall carry out business in the field of manufacture of chemical intermediate products.</p><p align="justify"><strong>Hero MotoCorp</strong> has introduced a new special edition of the popular Glamour motorcycle – the Glamour Blaze. In-line with the DNA of Glamour brand – the new motorcycle provides performance, comfort and style, now in a new Matt Vernier Grey Color. It also brings a new feature in the 125cc motorcycle category – a USB charger to the handlebar. Glamour Blaze will be available at Hero MotoCorp showrooms across the country at an attractive price of Rs 72,200.</p><p align="justify"><strong>Jubilant Life Sciences</strong> has raised Rs 90 crore through Commercial Papers (CPs) on October 12, 2020. Date of maturity of the said commercial papers is November 26, 2020. The aggregate amount of commercial papers (including this issue) outstanding as on date is Rs 220 crore. <br></p>
29-Sep-2020 Deepak Nitrite recognised by ICC as best environment, health and safety compliant company <P align=justify>Deepak Nitrite (DNL) has been conferred as Best Compliant Company in Environment, Health and Safety(EHS) by Indian Chemical Council (ICC) - the apex national body of the Indian Chemical Sector.<P align=justify>ICC announced the prestigious Annual Awards for Excellence in Performance in Various Categories for the year 2020 on September 25. The award aims to recognize Excellence of Performance in Various Facets of Chemical Industry.<P align=justify>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 &amp; Fine chemicals.<BR>
23-Apr-2020 Deepak Nitrite's arm commences commercial production of IPA <DIV align=justify>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.<BR></DIV><DIV align=justify><BR></DIV><DIV align=justify>IPA product is a Solvent and majorly used by Pharma companies and is also used for manufacturing sanitizer.</DIV><DIV align=justify><BR></DIV><DIV align=justify>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 &amp; Fine chemicals.<BR></DIV>
23-Apr-2020 Deepak Nitrite jumps as its arm commences commercial production of IPA <p align="justify">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.</p><p align="justify">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.</p><p align="justify">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.</p><p align="justify">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.</p><p align="justify">The promoters holding in the company stood at 45.64%, while Institutions and Non-Institutions held 26.17% and 28.19% respectively.</p><p align="justify">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.</p><p align="justify">IPA product is a Solvent and majorly used by Pharma companies and is also used for manufacturing sanitizer.</p><p align="justify">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 &amp; Fine chemicals.</p>
05-Mar-2020 Deepak Nitrite gets nod to invest in Deepak Oman Industries FZC LLC <p align="justify">Deepak Nitrite has received approval to invest not exceeding 20% equity capital of Deepak Oman Industries FZC LLC (DOIL), a Limited Liability Company incorporated in Sultanate of Oman, amounting to an investment of approximately $7.71 million, in one or more tranches. The Board of Directors of the company at their meeting held on March 04, 2020, approved the same.</p><p align="justify">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 &amp; Fine chemicals.<br></p>
05-Mar-2020 Deepak Nitrite rises on getting nod to invest in Deepak Oman Industries FZC LLC <p align="justify">Deepak Nitrite is currently trading at Rs. 526.45, up by 2.90 points or 0.56% from its previous closing of Rs. 522.10 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 529.40 and has touched a high and low of Rs. 530.80 and Rs. 515.20 respectively. So far 28959 shares were traded on the counter.<br></p><p align="justify">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. 243.00 on 06-Mar-2019.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 543.40 and Rs. 457.95 respectively. The current market cap of the company is Rs. 7064.48 crore.<br></p><p align="justify">The promoters holding in the company stood at 45.64%, while Institutions and Non-Institutions held 26.17% and 28.19% respectively.<br></p><p align="justify">Deepak Nitrite has received approval to invest not exceeding 20% equity capital of Deepak Oman Industries FZC LLC (DOIL), a Limited Liability Company incorporated in Sultanate of Oman, amounting to an investment of approximately $7.71 million, in one or more tranches. The Board of Directors of the company at their meeting held on March 04, 2020, approved the same.<br></p><p align="justify">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 &amp; Fine chemicals.</p>