Deepak Nitrite inches up after setting record date for stock split, bonus issue

Deepak Nitrite rose 0.81% to Rs 904.90 at 10:53 IST on BSE after the company said it has fixed 23 June 2014 as record date for 5-for-1 stock split and also for 1:1 bonus issue.

The announcement was made after market hours on Thursday, 12 June 2014.

Meanwhile, the S&P BSE Sensex was up 61.17 points or 0.24% at 25,637.38

On BSE, so far 2,991 shares were traded in the counter as against average daily volume of 8,879 shares in the past one quarter.

The stock hit a high of Rs 934 and a low of Rs 900.70 so far during the day. The stock hit a record high of Rs 975 on 4 June 2014. The stock hit a 52-week low of Rs 211 on 28 August 2013.

The stock had outperformed the market over the past one month till 12 June 2014, surging 48.65% compared with Sensex's 8.6% rise. The scrip had also outperformed the market over the past one quarter, jumping 111.85% as against Sensex's 17.02% rise.

The small-cap company has equity capital of Rs 10.45 crore. Face value per share is Rs 10.

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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