India's Deepak Nitrite rises after Emkay upgrade to 'buy' on intermediates recovery

Deepak Nitrite

19/05/2026 05:38

** Shares of chemicals maker Deepak Nitrite DPNT.NS jump 5.36% to 1842.30 rupees

** Emkay Global upgrades stock to "buy" from "reduce", raises TP to 2,000 rupees from 1,800 rupees, citing recovery in advanced intermediates business

** Brokerage says proactive raw material procurement, inventory build-up could support margins in H1FY27 amid ongoing geopolitical disruptions

** Nuvama raises TP to 1,996 rupees from 1,760 rupees, maintains "hold", citing better spreads and improved profitability in phenolics business

** DPNT rated "hold" on average by 18 analysts, median PT at 1826 rupees - data compiled by LSEG

** Trading vols at 208,756 shares, compared to 30-day avg of 252,213 shares

** YTD stock up 0.97%

 (Reporting by Surbhi Misra in Bengaluru)

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