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A share of Deepak Nitrite has gained 1,120% in the final five years. The stock’s final traded value is ₹744. The stock has risen 35% in the final five buying and selling classes. The share touched 52-week excessive of ₹824 on Tuesday. The current rally got here after the Directorate General of Trade Remedies (DGTR), on August 20, really useful imposing provisional anti-dumping responsibility on phenol imports from Thailand and the United States.
The chemical producer has a diversified portfolio together with dyes and pigments, agrochemical, pharmaceutical, gas components, rubber, paper, detergents and private care.
The firm earns round 35% of its revenues from exports. It had a complete income of ₹4,265 crore in 2019-20. The firm accomplished 50 years in enterprise in 2019-20.
Analysts imagine the firm’s comparatively new subsidiary Deepak Phenolics to drive its development. Deepak Phenolics commenced industrial manufacturing at its mega-plant of phenol and acetone on 1st November, 2018.
During FY 2019-20, Deepak Phenolics achieved over 90% capability utilization throughout its first full yr of operations
The wholly owned subsidiary of Deepak Nitrite contributed ₹927 crore to consolidated turnover of RS 2,715 crore in FY19.
This mega challenge aligned with the Make in India initiative of Government of India, has capability to fabricate 2,00,000 MTPA of Phenol and 120,000 MTPA of its co-product Acetone.
For the June quarter of FY21, the mid cap stock, Deepak Nitrite noticed muted monetary outcomes as a result of the nationwide covid19 lockdowns. The standalone revenues declined by 36% year-on-year to ₹355 crore. The chemical producer noticed its internet revenue dipped 40.7% YoY to ₹63.61 crore.
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