TheScreener - Deepak Nitrite (DEEPAKNTR) An unfavourable environment weighs on DEEPAK NITRITE, which sees a downgrade to Slightly Negative

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An unfavourable environment weighs on DEEPAK NITRITE, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of DEEPAK NITRITE (IN), active in the Commodity Chemicals industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date February 1, 2022, the closing price was INR 2,264.30 and its target price was estimated at INR 1,855.44.

02/02/2022 1 EN

Underlying

Deepak Nitrite

Deepak Nitrite Limited 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). The BCC segment offers nitro tolunes, fuel additives and sodium nitrite/nitrate. The FSC segment offers specialty chemicals, xylidines, oximes and cumidines. The FWA segment offers diamino stilbene disulfonic acid (DASDA) and OBA. The Company's manufacturing facilities are located at Nandesari, Dahej (Gujarat), Roha, Taloja (Maharashtra) and Hyderabad (Telangana), and its research and development facility is located at Nandesari (Gujarat). The Company also offers color intermediates. The Company's products cater to several industries, such as colorants, petrochemicals, agrochemicals, rubber, pharmaceuticals, paper, textile and detergents.

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INE288B01029 National Stock Exchange of India India

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An unfavourable environment weighs on DEEPAK NITRITE, which sees a downgrade to Slightly Negative

Empowering Investors

Deepak Nitrite Ltd: 1 director

MOSL: DEEPAK NITRITE: Margin pressure persists in a volatile inflationary environment

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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