The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Motilal Oswal recommended Neutral rating on Deepak Nitrite with a target price of Rs 1890 in its research report dated February 23, 2023.

Neutral Deepak Nitrite; target of Rs 1890: Motilal Oswal

Ebit margins of Deepak Nitrite’s phenolic segment slipped to 8% in Q2 FY23, the lowest level since Q4 FY20.

Deepak Nitrite - Headwinds To Persist As New Capacities Are Added: Motilal Oswal

Based on the OI percentage, 71 stocks including LTIMindtree, Deepak Nitrite, Ipca Laboratories, Apollo Tyres and Persistent Systems witnessed a long unwinding.

Trade setup for today: Top 15 things to know before the opening bell

Motilal Oswal recommended Neutral rating on Deepak Nitrite with a target price of Rs 1890 in its research report dated February 10, 2023.

YES Securities is bullish on Deepak Nitrite has recommended buy rating on the stock with a target price of Rs 2515 in its research report dated February 10, 2023.

Buy Deepak Nitrite; target of Rs 2515: YES Securities

Deepak Nitrite fell 1.07% to Rs 1,756.25 after the specialty chemical maker’s consolidated net profit declined 13.8% to Rs 209.05 crore despite of a 15.6% rise in revenue from operations to Rs 1,991.06 crore in Q3 FY23 over Q3 FY22.

Deepak Nitrite declines after Q3 PAT slips 14% YoY to Rs 209 cr

Deepak Nitrite consolidated net profit declines 13.78% in the December 2022 quarter

Deepak Nitrite Consolidated December 2022 Net Sales at Rs 1,991.06 crore, up 15.61% Y-o-Y

Based on the OI percentage, a short build-up was seen in 71 stocks including Syngene International, LIC Housing Finance, Deepak Nitrite, Escorts, and InterGlobe Aviation

On technical charts, the relative strength indicator (RSI) slid below 30 level. RSI is a momentum indicator used in technical analysis, and when it falls below 30 level, the stock is considered oversold and a bearish sign.

F&O Buzzer: Bears pillage Deepak Nitrite ahead of its Q3 earnings

Bharti Airtel, Adani Green Energy, Adani Ports & Special Economic Zone, Ambuja Cements, Hero MotoCorp, Astral, NHPC Ltd. Gujarat Fluorochemicals Ltd. Deepak Nitrite Ltd. Phoenix Mills Ltd. Aditya Birla Fashion and Retail Ltd. Motherson Sumi Wiring India Ltd. GlaxoSmithKline Pharmaceuticals, Navin Fl…

Q3 results to track this week: Airtel, LIC, Tata Steel, Zomato, M&M and more

Deepak Nitrite Limited is a chemical manufacturing company. The Company's segments include Bulk Chemicals and Commodities (BCC), Fine and Speciality Chemicals (FSC), and Fluorescent Whitening Agent (FWA).

Deepak Nitrite Ltd

Deepak Nitrite Ltd

Scorecard

News & Opinions

Neutral Deepak Nitrite; target of Rs 1890: Motilal Oswal

Deepak Nitrite - Headwinds To Persist As New Capacities Are Added: Motilal Oswal

Trade setup for today: Top 15 things to know before the opening bell

Neutral Deepak Nitrite; target of Rs 1890: Motilal Oswal

Buy Deepak Nitrite; target of Rs 2515: YES Securities

Deepak Nitrite declines after Q3 PAT slips 14% YoY to Rs 209 cr

Deepak Nitrite consolidated net profit declines 13.78% in the December 2022 quarter