Deepak Fertilisers up 5%, hits new high; stock gains 29% post strong Q1 nos

The company reported a 3.3-fold jump in Q1 net profit at Rs 435.66 crore, following which the stock has rallied smartly in the last seven trading sessions.

Shares of Deepak Fertilisers and Petrochemicals Corporation registered a new life-time high at Rs 838.95, up 5 per cent in Thursday's intra-day trade on the BSE. The stock has rallied nearly 29 per cent in the last seven trading sessions after the company reported a solid set of June quarter results.

At 11:17 AM, the stock was at the day's high with trades of around 38,0000 shares on the BSE. Meanwhile, the S&P BSE Sensex was up 0.1 per cent, and had gained a litte over 6 per cent in the last seven days.

The stock has been a strong