India's Deepak Nitrite rises after quarterly profit more than triples
30/10/2026 04:34
BUZZ-India's Deepak Nitrite rises after quarterly profit more than triples ** Shares of Chemicals maker Deepak Nitrite DPNT.NS rise 3.6% to 1,525 rupees
** Sept-qtr revenue from operations climbs 61.8% YoY; Net profit jumps 235%
** "Elevated freight costs, constraints in shipping availability and volatility in crude oil and petrochemical feedstocks are influencing sourcing decisions and competitive dynamics," - Deepak Nitrite
** 9 of 15 brokerages rate the stock "buy" or higher, 2 "hold" and 4 "sell" or lower; their median PT is 1,904 rupees - LSEG-compiled data
** YTD, stock down 10.9% vs 40.6% rise in shares of peer Navin Fluorine International NAFL.NS
(Reporting by Abhinav Parmar in Bengaluru)
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