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Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later

The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review

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For the full year, net profit rose 251.85 per cent to Rs 611.03 crore in the year ended March 2020 while sales rose 56.66 per cent to Rs 4,229.71 crore.

SI Reporter New Delhi

3 min read Last Updated : May 27 2020 | 10:01 AM IST

Shares of Deepak Nitrite gained as much as 5.49 per cent to Rs 528.70 apiece on the BSE on Wednesday, a day after the company reported an 88 per cent jump in its consolidated net profit at Rs 172.30 crore for the quarter ended March 2020. The company had logged profit of Rs 91.46 crore in the year-ago period.

At 09:40 am, the stock was trading nearly 2 per cent higher at Rs 510. In comparison, the S&P BSE Sensex was trading 60 points or 0.20 per cent lower at 30,549.52 levels.

Deepk Nitrite shares had hit a 52-week high of Rs

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