Deepak Nitrite Share Price: Buy Deepak Nitrite, target price Rs 2760: JM Financial
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has buy call on Deepak Nitrite with a target price of Rs 2760. The current market price of is Rs 1821. Time period given by analyst is one year when . price can reach defined target.
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 24759.43 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-2022.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1875.89 Crore, up 7.32 % from last quarter Total Income of Rs 1748.02 Crore and up 27.68 % from last year same quarter Total Income of Rs 1469.17 Crore. Company reported net profit after tax of Rs 267.21 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 45.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 9.07 per cent, DIIs 10.71 per cent.
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