Shares of chemical company Deepak Nitrite have performed amazingly in the market. Share prices have increased so much in the last few years that investors who have invested in them have become rich. This is the reason why chemical stock Deepak Nitrite is counted among the most brilliant multibaggers of the stock market.
Company’s plants in many states
This company is a chemical manufacturing company headquartered in Vadodara. Is. The company has chemical manufacturing plants in many states of the country. The main plants of the company are in Dahej of Gujarat, Roha and Tajola of Maharashtra and Hyderabad of Telangana. The revenue of this company, established in the year 1970, was Rs 8,019 crore in the last financial year. At present the mcap of the company is Rs 28,420 crore.
The movement has been slow in recent times
On Friday, Deepak Nitrite’s shares closed at Rs 2,083, down 0.23 per cent. Its price has remained almost stable in the last 5 days. In the last one month, the price has fallen by more than 7 percent, whereas in the last six months the price has increased by a little more than 12 percent. If we look at it in terms of one year, the stock is down by about 8 percent. Its 52-week high level is Rs 2,372.70.
Thus, long term gain
The movement of this chemical stock has been in a limited range for the last two years, but before that the price was tremendous. Rally has been seen. According to the last 5 years, the price of its shares has increased by more than 730 percent, while in the last 10 years it has increased by 6,500 percent. This means that if an investor had invested Rs 10,000 in Deepak Nitrite shares 10 years ago and held it, then today the value of his investment would have increased to Rs 6.5 lakh.
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