Deepak Fertilisers & Petrochemicals Corporation

Technical charts suggest that HEG, Graphite India, Chennai Petro, Jindal Steel and Deepak Fertilisers can potentially rally up to 18% from here; here are the key levels to track on these 5 stocks.

Shares of Aegis Logistics, JK Lakshmic Cement, Mastek, Deepak Fertlisers and Karur Vysya Bank are looking weak on the technical charts; hence may witness a downward trend in the near-term.

The catalyst for this rally in fertiliser shares was the anticipated increase in the price of Di-Ammonia Phosphate (DAP), the second most widely used fertiliser in India after urea

Deepak Fertilisers & Petrochemicals Corporation surged 14 per cent on the BSE in Wednesday's intra-day trade on healthy business outlook; Company to announce earnings on October 29.

Key levels to watch out on PCBL, Deepak Fertilisers: PCBL can rally another 21% from here on; while Deepak Fertilisers is seen testing key resistance at Rs 1,076, show charts.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Wednesday reported 75.43 per cent growth in consolidated profit after tax at Rs 200 crore for June quarter FY25. The company's profit after tax (PAT) stood at Rs 114 crore during the corresponding quarter of the previous financial year, DFPCL said in a regulatory filing. Revenue declined to Rs 2,281 crore from Rs 2,313 crore due to lower commodity prices. The company said the first quarter of previous year saw a one-time impact of Rs 161 crore of subsidy on channel inventory and warehouse stock. "We have delivered an impressive performance for Q1FY25, with a notable increase in EBITDA margin by 823 basis points YoY, up from 12.1 per cent to 20.4 per cent. The businesses are reaping the benefits of backward integration of ammonia plant, which has helped mitigate supply chain risk as well as price volatility and the benefits are captured within the group," Chairman and Managing Director Sailesh C Mehta said. Also, he said

Deepak Fertilisers and Petrochemicals Corporation Ltd has posted 16 per cent decline in consolidated net profit to Rs 214.79 crore for the quarter ended March 2024. Its net profit stood at Rs 254.88 crore in the year-ago period. Total income fell to Rs 2,158.56 crore in the quarter from Rs 2,810.73 crore in the year-ago period, according to a regulatory filing on Wednesday. During 2023-24, the company's net profit declined to Rs 442.51 crore from Rs 1,210.10 crore in the preceding year. Total income fell to Rs 8,798.85 crore from Rs 11,384.71 crore.

Some of the key positives include strong growth prospects of the TAN business, high regulatory entry barriers, improving capacity utilisations, and a strong uptick in return ratios

The project is expected to help climate change mitigation efforts by a net reduction of GHG emissions

The stock was up 12 per cent to Rs 119 on BSE on back of heavy volumes after the company gave a clarification on rumors in capital market with respect to the outstanding commercial papers

The stock was down 11% to Rs 178 after the company posted 4.8% YoY fall in profit at Rs 26.96 crore in Q2FY17.

The stock surged 8% to Rs 167 on the BSE in early morning trade on back of heavy volumes.