Deepak Nitrite rises 9%, hits 52-week high; stock up over 100% in CY20

The latest rally in the stock came after the DGTR recommended imposing provisional anti-dumping duty on phenol imports from Thailand and the United States

Shares of Deepak Nitrite extended their winning run and gained 9 per cent to a fresh 52-week high of Rs 825 on the BSE on Tuesday. The stock had already risen 18.5 per cent in the last two sessions as compared to Sensex's 1.5 per cent gain during the same period.

At 11:46 AM, the stock had pared the day's gain and was trading 1.68 per cent lower at Rs 743.35. Around 58.13 lakh shares have changed hands on the NSE and BSE so far.

The chemical maker's stock has more than doubled in stock price from the beginning of the year.