Reduce Deepak Nitrite, target price Rs 228: Prabhudas Lilladher
Deepak Nitrite with a target price of Rs 228. The current market price of Deepak Nitrite Ltd. is Rs 2466.1.
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 33600.43 Crore) operating in Chemicals sector.
Deepak Nitrite Ltd. key Products/Revenue Segments include Fine Chemicals, Export Incentives, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2145.34 Crore, up 6.06 % from last quarter Total Income of Rs 2022.78 Crore and up 8.68 % from last year same quarter Total Income of Rs 1973.93 Crore. Company reported net profit after tax of Rs 253.84 Crore in latest quarter.
Promoter/FII Holdings Promoters held 49.13 per cent stake in the company as of 31-Mar-2024, while FIIs owned 6.72 per cent, DIIs 19.26 per cent.
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