India's Deepak Nitrite hits record high after strong Q3 results

Deepak Nitrite

15/02/2021 05:03

** Indian chemical maker's  DPNT.NS  shares rise as much as
11.7% to a record high of 1,240 rupees
    ** DPNT on Friday posted a 38.2% and a 10.3% rise in Dec-qtr
consol. net profit and revenue from ops, respectively
 urn:newsml:reuters.com:*:nFWN2KI15Q
    ** "Several brownfield projects taken up during the quarter
have led to further improvement in profitability" - DPNT
statement https://bit.ly/37f3lVq
    ** DPNT Q3 revenue helped by a 39.6% revenue jump in co's
phenolics segment 
    ** More than 2.2 mln shares traded, 2.7 times their 30-day
moving avg. of ~836,000 shares
    ** Stock jumped 152.4% in 2020



 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))