Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Based on the open interest future percentage, there were 80 stocks, in which short-covering was seen include Escorts, Deepak Nitrite, Polycab India, Coal India, and Persistent Systems.

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 November 11, 2022.

Neutral Deepak Nitrite; target of Rs 1890: Motilal Oswal

Based on the open interest future percentage, there were 69 stocks in which a short-covering was seen, including Gujarat Gas, Manappuram Finance, Deepak Nitrite, Crompton Greaves Consumer Electrical, and Dr Reddy’s Laboratories

Deepak Nitrite has a large Capex plan spanning many years. Here's the CEO Maulik Mehta outlining the Capex details, the chemistries involved and the funding required. 

Watch the full conversation: https://youtu.be/Oy0N6O9Ap4A 

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Deepak Nitrite CEO Outlines The Capex Plans For The Company | BQ Prime

Deepak Nitrite misses estimates in Q2.

CEO & ED Maulik Mehta speaks about the company's performance and shares the outlook for coming quarters. #BQLive #Q2WithBQ 

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Q2 Review: Deepak Nitrite's Net Profit Declines 31%, Revenue Grows 17% | BQ Prime

Based on the open interest future percentage, there were 82 stocks in which a short build-up was seen including Deepak Nitrite, Ramco Cements, Aurobindo Pharma, Piramal Enterprises, and Axis Bank.

The company’s phenolic segment revenue declined 4 percent sequentially to Rs 1,284 crore

Deepak Nitrite posts worst fall of 2022 after Q2 disappointing results

The fertilizer company’s consolidated net profit declined 31% to Rs 174.5 crore in the July-September quarter.

Deepak Nitrite Drops The Most In Nearly 10 Months After Q2 Miss

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Stock Of The Day: Deepak Nitrite में क्यों दिखी 8% की गिरावट, क्यों है फोकस? | Pehla Sauda

Deepak Nitrite tumbled 7.79% to Rs 2,119.50 after the specialty chemical maker’s consolidated net profit declined 31.4% to Rs 174.47 crore despite of a 16.7% rise in net sales to Rs 1,961.65 crore in Q2 FY23 over Q2 FY22.

Deepak Nitrite slumps as Q2 PAT drops 31% YoY to Rs 174 cr

Deepak Nitrite Standalone September 2022 Net Sales at Rs 685.30 crore, up 25.88% Y-o-Y

Deepak Nitrite Limited is a chemical manufacturing company. The Company's segments include Basic Chemicals, Fine & Speciality Chemicals, Performance Products and Phenolics. The Basic Chemicals segment offers sodium nitrite, sodium nitrate, nitro toluidines, fuel additives, and nitrosyl sulphuric acid. The Fine & Speciality Chemicals segment offers xylidines, oximes, cumidines, and speciality agrochemicals. Its Performance Products include optical brightening agent (OBA) and diamino stilbene disulfonic acid (DASDA). Its Phenolics offers phenol, acetone, cumene, and isopropyl alcohol. The Company's products cater to several industries, such as colorants, petrochemicals, agrochemicals, rubber, pharmaceuticals, paper, textile and detergents. 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).

Deepak Nitrite Ltd

Deepak Nitrite Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

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

Neutral Deepak Nitrite; target of Rs 1890: Motilal Oswal

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

News Video

Deepak Nitrite CEO Outlines The Capex Plans For The Company | BQ Prime

News Video

Q2 Review: Deepak Nitrite's Net Profit Declines 31%, Revenue Grows 17% | BQ Prime

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

Deepak Nitrite posts worst fall of 2022 after Q2 disappointing results

Deepak Nitrite Drops The Most In Nearly 10 Months After Q2 Miss

Deepak Nitrite Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

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

Neutral Deepak Nitrite; target of Rs 1890: Motilal Oswal

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

News Video

Deepak Nitrite CEO Outlines The Capex Plans For The Company | BQ Prime

News Video

Q2 Review: Deepak Nitrite's Net Profit Declines 31%, Revenue Grows 17% | BQ Prime

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

Deepak Nitrite posts worst fall of 2022 after Q2 disappointing results

Deepak Nitrite Drops The Most In Nearly 10 Months After Q2 Miss

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock