Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 26492.30 Crore) operating in Chemicals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1469.17 Crore, up 18.52 % from last quarter Total Income of Rs 1239.57 Crore and up 38.90 % from last year same quarter Total Income of Rs 1057.74 Crore. Company reported net profit after tax of Rs 290.11 Crore in latest quarter.
Investment Rationale
Price rebound after taking support at recent breakout area & stochastic in buy mode
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