Deepak Nitrite inches towards record high; zooms 42% from June low

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Deepak Nitrite inches towards record high; zooms 42% from June low - Business Standard

Quick Summary:

The stock of the specialty chemicals company has zoomed 42 per cent from its previous month's low of Rs 2,023 touched on June 4.

Also, the Group is executing projects worth around Rs 2,000 crore (part of MoU worth Rs 5,000 crore), of which majority will get commissioned by December, 2024.

It is projected to reach $304 billion by 2025 at a CAGR of 9.3 per cent, benefiting from increasing domestic consumption and demand across diverse industries.