Deepak Nitrite rose 1.39% to Rs 288.65 at 10:56 IST on BSE after consolidated net profit jumped 601.5% to Rs 131.61 crore on a 126.5% surge in net sales to Rs 1,050.98 crore in Q1 June 2019 compared with Q1 June 2018.
The result was announced after trading hours on Friday, 2 August 2019.
Meanwhile, S&P BSE Sensex was down 623.70 points or 1.68% at 36,494.52.
On BSE, 88,000 shares were traded in Deepak Nitrite counter, compared to a 2-week average of 16,000 shares. The stock hit an intraday high of Rs 299 and an intraday low of Rs 275. It hit a 52-week high of Rs 337.55 on 6 June 2019 and a 52-week low of Rs 204.60 on 26 December 2018.
Deepak Nitrite is a chemical manufacturing company. The company offers sodium nitrite, 2 ethyl hexyl nitrate and Optical Brightening Agent (OBA). The company's segments include Bulk Chemicals and Commodities (BCC), Fine and Speciality Chemicals (FSC) and Fluorescent Whitening Agent (FWA).
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