India's Deepak Nitrite rises on unit's deal with Petronet LNG

Deepak Nitrite

20/12/2023 04:32

** Shares of Deepak Nitrite  DPNT.NS  rise 3.9% after its
unit approves execution of deal with Petronet LNG  PLNG.NS 
    ** Deepak Phenolics to offtake 250 KTPA of propytene and 11
KTPA of hydrogen from Petronet Petrochemical Project at Dahej,
Gujarat for 15 years
    ** More than 472,000 shares traded, 1.2x the 30-day avg
    ** Avg rating of 14 analysts is "hold"; median PT of 2,282
rupees is about 4% below current price - LSEG data
    ** Stock up about 20% so far this year

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))