Deepak Nitrite advances after robust Q1 results

Deepak Nitrite rose 1.39% to Rs 288.65 at 10:56 IST on BSE after consolidated net profit jumped 601.5% to Rs 131.61 crore on a 126.5% surge in net sales to Rs 1,050.98 crore in Q1 June 2019 compared with Q1 June 2018.

The result was announced after trading hours on Friday, 2 August 2019.

Meanwhile, S&P BSE Sensex was down 623.70 points or 1.68% at 36,494.52.

On BSE, 88,000 shares were traded in Deepak Nitrite counter, compared to a 2-week average of 16,000 shares. The stock hit an intraday high of Rs 299 and an intraday low of Rs 275. It hit a 52-week high of Rs 337.55 on 6 June 2019 and a 52-week low of Rs 204.60 on 26 December 2018.

Deepak Nitrite is a chemical manufacturing company. The company offers sodium nitrite, 2 ethyl hexyl nitrate and Optical Brightening Agent (OBA). The company's segments include Bulk Chemicals and Commodities (BCC), Fine and Speciality Chemicals (FSC) and Fluorescent Whitening Agent (FWA).

Powered by Capital Market - Live News