Deepak Nitrite Ltd. (DEEPAKNTR) Share Price Rises 4.82% Today

Deepak Nitrite Ltd. Share Price rose by 4.82% today, reaching Rs 1,798.3 with a market cap of Rs 23,375.04 crore.

Deepak Nitrite Ltd. Share Price experienced a notable increase today, rising by 4.82% to close at Rs 1,798.3. This movement comes with a market capitalisation of Rs 23,375.04 crore, positioning the company within the Large Cap category. The stock opened at Rs 1,846.7 and reached a high of Rs 1,850, before settling at its current price. This price action highlights significant investor interest and market activity.

The Chemicals sector, where Deepak Nitrite operates, has been witnessing varied performance, and today's price rise reflects a positive sentiment towards the company. 82% for a Large Cap company. This gain places Deepak Nitrite among the top gainers in the sector today.

Deepak Nitrite Ltd. (DEEPAKNTR) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 1,798.3
Previous Close	Rs 1,715.6
Today's Change	+Rs 82.7 (+4.82%)
Day Open	Rs 1,846.7
Day High	Rs 1,850
Day Low	Rs 1,787.85
Current Volume (BSE)	59,672
BSE Traded Volume	59,672
NSE Traded Volume	8,01,189
Combined NSE + BSE Volume	8,60,861
Turnover	Rs 10.73 crore
Market Capitalisation	Rs 23,375.04 crore
Market Cap Category	Large Cap

Deepak Nitrite Ltd. (DEEPAKNTR) traded at Rs 1,798.3. versus the previous close of Rs 1,715.6, a rise of 4.82%. The stock opened at Rs 1,846.7, reached Rs 1,850, touched Rs 1,787.85. Reported volume was 59,672.

Deepak Nitrite Ltd. (DEEPAKNTR) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 23,375.04 crore

Deepak Nitrite Ltd. operates within the Chemicals sector, with a market capitalisation of Rs 23,375.04 crore. The company's valuation metrics, such as P/E and P/B ratios, are crucial for understanding its market position.47, and the median P/B is 1.57, offering a context for comparison.

The Chemicals sector, comprising 213 companies, shows a diverse range of performance metrics. The sector's median ROE is 11.54%, and the median ROCE is 14.24%, providing a benchmark for evaluating Deepak Nitrite's profitability and capital efficiency. The company's market cap places it well above the sector's median of Rs 228.49 crore, highlighting its significant presence in the industry.

While specific financial ratios for Deepak Nitrite are not supplied, the sector's average metrics offer a backdrop against which the company's performance can be assessed. Investors may find it beneficial to monitor these metrics as they consider the company's potential within the sector.

Sector and Industry Context

Metric	Value
Sector	Chemicals
Benchmark Scope	same sector
Benchmark Median P/E	19.47x
Benchmark Average P/E	44.33x
Benchmark P/E Range	0.49x to 745.51x
Benchmark Median P/B	1.57x
Benchmark Median ROE	11.54%
Benchmark Median ROCE	14.24%
Company Market Capitalisation	Rs 23,375.04 crore
Benchmark Median Market Cap	Rs 228.49 crore

Deepak Nitrite Ltd. (DEEPAKNTR) is classified under sector: Chemicals.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

The Chemicals sector, where Deepak Nitrite Ltd. operates, encompasses a wide array of companies with varying market capitalisations and performance metrics. The sector's benchmark includes 213 companies, providing a comprehensive view of industry standards. The median P/E ratio for the sector is 19.47, with an average of 44.33, indicating a broad range of valuations.

Deepak Nitrite's market capitalisation of Rs 23,375.04 crore positions it significantly above the sector's median of Rs 228.49 crore, underscoring its substantial market presence. The sector's median ROE is 11.54%, and the median ROCE is 14.24%, offering benchmarks for assessing profitability and capital efficiency.

The Chemicals sector's performance is influenced by various factors, including demand for chemical products, regulatory changes, and global economic conditions. Deepak Nitrite's position within this sector suggests it benefits from these dynamics, contributing to its recent price rise. Investors should consider these sector trends when evaluating the company's future prospects.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Chemplast Sanmar Ltd.	CHEMPLASTS	3,107.64	0	-30.77	0	183.45
Bhansali Engineering Polymers Ltd.	BEPL	2,998.74	15.32	2.67	42.11	56.88
Nocil Ltd.	NOCIL	2,910.41	43.19	1.6	12.95	17.71
Rossari Biotech Ltd.	ROSSARI	2,802.67	18.88	2.09	16.17	24.37
Kiri Industries Ltd.	KIRIINDUS	2,773.55	0.49	0.41	12.26	12.2

Deepak Nitrite Ltd. (DEEPAKNTR) has a market capitalisation of Rs 23,375.04 crore. Among the 5 peers shown, 0 have a larger market capitalisation.

Deepak Nitrite Ltd. competes with several notable peers within the Chemicals sector. Among them, Chemplast Sanmar Ltd. has the highest market capitalisation at Rs 3,107.64 crore, while Bhansali Engineering Polymers Ltd. boasts a strong ROE of 42.11% and ROCE of 56.88%. Nocil Ltd. presents a P/E ratio of 43.19, reflecting its valuation in the market.

Rossari Biotech Ltd. and Kiri Industries Ltd. also stand out with their respective market caps and performance metrics. Deepak Nitrite's market cap of Rs 23,375.04 crore places it among the larger players in the sector, and its performance metrics should be evaluated in the context of these peers to understand its competitive positioning.

Why Investors Are Watching Deepak Nitrite Ltd.

Investors are closely monitoring Deepak Nitrite Ltd. due to its recent price rise and market activity. The company's position within the Chemicals sector and its market capitalisation make it a significant player to watch.

• Price Action: A 4.82% increase in share price today.
• Sector Position: Strong presence in the Chemicals sector.
• Market Capitalisation: Rs 23,375.04 crore, above sector median.
• Peer Context: Competes with major sector players.

Investors should continue to monitor Deepak Nitrite's performance, sector trends, and any developments that could impact its market position. Staying informed on these factors will be crucial for making informed investment decisions.

About Deepak Nitrite Ltd.

Deepak Nitrite Ltd. is a prominent player in the Chemicals sector, known for its diverse range of chemical products. The company operates across various segments, including basic chemicals, fine and specialty chemicals, and performance products. Its extensive product portfolio serves multiple industries, contributing to its strong market presence.

With a market capitalisation of Rs 23,375.04 crore, Deepak Nitrite is well-positioned within the sector, benefiting from its strategic focus on innovation and sustainability. The company's commitment to quality and customer satisfaction has reinforced its reputation as a reliable supplier in the industry.

Track Deepak Nitrite Ltd. Share Price on Univest

Use Deepak Nitrite Ltd. (DEEPAKNTR) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors can track Deepak Nitrite Ltd. Share Price on Univest for real-time updates on price movements, technical indicators, and fundamental ratios. Univest provides comprehensive insights into the company's shareholding pattern, 52-week levels, and market trends, helping investors make informed decisions.

Frequently Asked Questions

What is the current share price of Deepak Nitrite Ltd.?

Ans. The current share price of Deepak Nitrite Ltd. is Rs 1,798.3, reflecting a 4.82% increase from the previous close of Rs 1,715.6. The stock moved 4.82% during the session. The intraday range extended from Rs 1,787.85 to Rs 1,850.

How much did Deepak Nitrite Ltd. share price rise today?

Ans. Deepak Nitrite Ltd. share price rose by 4.82% today, marking a significant gain in the Chemicals sector. The stock moved 4.82% during the session. The intraday range extended from Rs 1,787.85 to Rs 1,850.

How does Deepak Nitrite Ltd. compare with its peers?

Ans. Deepak Nitrite Ltd. competes with peers like Chemplast Sanmar Ltd. and Bhansali Engineering Polymers Ltd., with a strong market capitalisation and sector presence. Comparable listed companies include Chemplast Sanmar Ltd., Bhansali Engineering Polymers Ltd., Nocil Ltd.

What is the sector benchmark for P/E ratio?

Ans. The sector benchmark median P/E ratio for the Chemicals sector is 19.47, providing a context for evaluating company valuations. The relevant peer median P/E is 19.47x. The peer average P/E is 44.33x.

What is the median ROE for the Chemicals sector?

Ans. The median ROE for the Chemicals sector is 11.54%, offering a benchmark for assessing profitability within the industry. The relevant peer median ROE is 11.54%. The relevant peer median ROCE is 14.24%.