Deepak Fertilisers scales 30-month high as promoter hikes stake

Robust Marketing Services Private Limited, the promoter of the company, acquired 685,872 equity shares worth of Rs 13.16 crore through open market between February 25 and March 13.

Shares of Deepak Fertilisers and Chemicals hit a 30-month high of Rs 248.50, up 6 per cent on the BSE in intra-day trade on Wednesday after the promoter increased its stake in the firm via the open market. The stock was trading at its highest level since September 2018. In the past one month, it has zoomed 56 per cent as compared to a 3.3 per cent decline in the S&P BSE Sensex.

The disclosure made by Deepak Fertiliser to the stock exchange reveals that Robust Marketing Services Private Limited, the promoter of the company, acquired 685,872 equity shares worth Rs