Deepak Nitrite hits record high

Deepak Nitrite rose 2.76% to Rs 731 at 9:54 IST on BSE after the firm said it has commissioned balance capacities of optical brightening agent post successful completion of trial runs of production at its new greenfield plant at Dahej in Gujarat.

The announcement was made after market hours on Wednesday, 21 May 2014.

Meanwhile, the S&P BSE Sensex was up 111.96 points or 0.46% at 24,409.98.

On BSE, so far 1079 shares were traded in the counter as against average daily volume of 7623 shares in the past two weeks.

The stock hit a high of Rs 746 so far during the day, which is a record high for the counter. The stock hit a low of Rs 719.70 so far during the day.

Deepak Nitrite said that the newly commissioned plant at Dahej in Gujarat now stands fully commissioned.

Deepak Nitrite's net profit surged 68.4% to Rs 15.86 crore on 16.2% growth in net sales to Rs 354.65 crore in Q4 March 2014 over Q4 March 2013.

Deepak Nitrite is a leading supplier of organic, inorganic and fine chemicals to global chemical majors.

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