India's Deepak Nitrite drops the most in 6 months on Q1 profit slides

Deepak Nitrite

04/08/2023 05:13

** Shares of Deepak Nitrite  DPNT.NS  fall as much as 4.3%
to 1,938.25 rupees
    ** Stock posts its steepest intra day pct loss since Feb. 7
    ** The chemicals maker posts ~36% YoY slump in its Q1
profit, while rev drops ~14% YoY 
    ** Avg rating of the 12 analysts covering DPNT is "buy" on a
5-scale rating from "strong buy" to "strong sell"
    ** Analysts' median PT is 2,199.50 rupees - Refinitiv data
    ** As of last close, stock up ~2% so far this year

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))