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Deepak Nitrite rallies 10% on heavy volumes, inches toward record high

Last week, Deepak Phenolics, a wholly-owned subsidiary of the company, commenced commercial production of Isopropyl Alcohol at its manufacturing facility situated at Dahej, Gujarat.

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In the past one month, the stock has soared 46 per cent against 10 per cent gain in the benchmark index

SI Reporter Mumbai
Shares of Deepak Nitrite rallied 10 per cent to Rs 534 on the BSE on Wednesday on the back of heavy volumes. The stock of commodity chemicals manufacturer was trading close to its all-time high of Rs 543 touched on March 4, 2020.

The trading volumes on the counter more than doubled with a combined 2.32 million equity shares, representing 1.7 per cent of total equity of Deepak Nitrite, changing hands on the NSE and BSE till 01:14 pm.

In the past one week, the stock has surged 17 per cent after Deepak Phenolics, a wholly-owned subsidiary of

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First Published: Apr 29 2020 | 1:35 PM IST

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