Deepak Nitrite gains as its arm signs MoU with Government of Gujarat
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Deepak Nitrite is currently trading at Rs. 1959.60, up by 9.90 points or 0.51% from its previous closing of Rs. 1949.70 on the BSE.
The scrip opened at Rs. 1950.00 and has touched a high and low of Rs. 1960.55 and Rs. 1935.00 respectively. So far 4718 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2355.55 on 03-Nov-2022 and a 52 week low of Rs. 1682.15 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 2006.00 and Rs. 1919.20 respectively. The current market cap of the company is Rs. 26435.70 crore.
The promoters holding in the company stood at 49.13%, while Institutions and Non-Institutions held 22.77% and 28.09% respectively.
Deepak Nitrite’s wholly owned subsidiary -- Deepak Chem Tech has signed a Memorandum of Understanding (MoU) with Government of Gujarat on May 23, 2023 with intent to invest around Rs 5,000 crore in next 4 years for setting up projects to manufacture Speciatity Chemicals, Phenol / Acetone and Bisphenol at Dahej / Nandesari, in the State of Gujarat. The proposed investment is expected to generate around 1,500 direct and indirect employment opportunities.
Deepak Nitrite manufactures chemical intermediates to serve the domestic and international market with high quality products made in a responsible and sustainable manner.
