Buy This Multibagger Mid-Cap Chemical Stock For Gains Up To 36%: JM Financials

JM Financials has given buy call to the chemical stock Deepak Nitrite Ltd for a target price of Rs 2895 apiece with a potential gain of 36%. The company has a market capitalization of Rs 28,753.02 crore.

Deepak Nitrite Ltd Stock Outlook

The current market price of the stock is Rs 2108 apiece with an intraday decline of 5.49%. According to the analyst, if you buy the stock at its current market price it is showing a potential of 36% surge with a target price of Rs 2895 apiece.

Deepak Nitrite Ltd 52-Week High/Low

The 52-week high of the stock is Rs 3020 apiece and 52-week low is Rs 1682 apiece, respectively.

Deepak Nitrite Ltd Market Capitalization

The company has a market capitalization of Rs 28,753 crore.

Deepak Nitrite Ltd 5 Years Return

The stock has given a return of 1124% in the last 5 years, 667% in last 3 years, and fallen 14% in last 1 year.

Deepak Nitrite Ltd Quarterly Results

The company for the quarter ending June 30, 2022 has announced a consolidated total income of Rs 2,067.60 crore, up 10.22 % from last quarter total income of Rs 1,875.89 crore. It declared a net profit after tax of Rs 234.62 Crore in latest quarter.

Deepak Nitrite Ltd About

Deepak Nitrite is a chemical manufacturing company based out of Gujarat, India. It came into existence in 1970. The mid-cap company is a leading manufacturer of organic, inorganic, fine, and specialty chemicals. It also manufactures a wide range of intermediates for use in industrial explosives, paints, cosmetics, polymers, optical brighteners, and others.

Disclaimer

The stock has been picked from the brokerage report of JM Financials. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.