With February month's decline, thus far in the calendar year 2025, the BSE Smallcap index has plunged 22 per cent. A total of 27 smallcaps hit new all-time lows.
Shares of Aegis Logistics, JK Lakshmic Cement, Mastek, Deepak Fertlisers and Karur Vysya Bank are looking weak on the technical charts; hence may witness a downward trend in the near-term.
DIIs have doubled their shareholding, in terms of absolute number of shares held, in 46 out of the Nifty 500 companies in the last nine months, shows ACE equity data.
With the government's ongoing focus on investment-led growth and strong structural drivers, the management remains confident about the future of the chemical and fertilizer industries.
Fertiliser companies are set to post healthy earnings growth, driven by volume growth in the Urea biz and sizeable cost savings in producing phosphoric acid for complex fertiliser makers
The catalyst for this rally in fertiliser shares was the anticipated increase in the price of Di-Ammonia Phosphate (DAP), the second most widely used fertiliser in India after urea
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) reported a more than three-fold surge in second-quarter profit at Rs 214.07 crore on Tuesday, driven by strong sales growth across its business segments. The fertiliser maker's consolidated net profit stood at Rs 63.45 crore in the same quarter in the previous fiscal year. Revenue from operations rose 12.7 per cent to Rs 2,753.59 crore, while total expenses increased 5.5 per cent to Rs 2,454.92 crore. Separately, the company said it has appointed Subhash Anand, currently serving as President (Strategy), as its new President and Chief Financial Officer effective December 1. Shares of DFPCL closed 11.1 per cent higher at Rs 1,256.05 apiece on the BSE.
Deepak Fertilisers and Petrochemicals share price: The company's consolidated net profit more-than-doubled to Rs 214 crore in Q2 FY25
Deepak Fertilisers & Petrochemicals Corporation surged 14 per cent on the BSE in Wednesday's intra-day trade on healthy business outlook; Company to announce earnings on October 29.