Saturday, December 06, 2025 | 04:58 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Deepak Nitrite extends rally after it issues QIP

The stock rallied 13% to Rs 130 in intra-day trade, extending its Wednesday's 7% gain on the BSE.

currency, notes, demonetisation
premium

An employee counts Indian rupee notes inside a private money exchange office in New Delhi. <b>Photo: Reuters </b>

SI Reporter Mumbai
Deepak Nitrite has rallied 13% to Rs 130, extending its Wednesday’s 7% gain on the BSE, after the company on Tuesday  decided to open the issuance of equity shares of the company through qualified institutions placement (QIP).

The floor price has been arrived at Rs 103.62 per equity share, commodity chemicals manufacturer said in a regulatory filing.

The stock is trading close to its 52-week high of Rs 134 touched on September 9, 2016 in intra-day trade. It surged 20% in past two trading sessions from Rs 108 on February 28, as compared to 1% rise in the