Deepak Nitrite Share Price Target 2024, 2025, 2026, 2028, 2030

Deepak Nitrite Share Price Target 2024, 2025, 2026, 2028, 2030: The business of Deepak Nitrite company is related to chemical industry, through today’s post we will discuss with you about the target of next few years on the basis of technical and fundamental analysis of Deepak Nitrite share.

Deepak Nitrite is an Indian company that manufactures chemicals. This company was started in the year 1970 by Chimanlal Khimchand Mehta. And its headquarter is located in Baroda, Gujarat , India

Deepak Nitrite Company Information

Whenever the company of Chemicals sector is discussed, the name of Deepak Nitrite definitely comes because this company has a total market share of 70% in NitroToluenes and sodium nitrite.

It is a profit making company and its total market cap is around Rs 24870 crore. At present, the CEO of this company is Maulik Mehta.

Deepak Nitrite company employs more than 1600 people and its manufacturing plants are located in many states of India. Also, this company is expanding its business in the field of manufacturing many other chemicals.

Talking about its shareholding pattern, about 45.72% of the company is held by promoters, 5.93% by Mutual Funds, 7.83% by Domestic Institutions, 8.71% by Foreign Institutions and 31.82% by Retail and Others.

If you look at the current valuation of the company, it seems a bit overvalued, but due to the good fundamentals of the company, investing in it can be a profitable deal.

Deepak Nitrite share Price

At present, the stock of this company seems to be trading between 2300 to 2400 in the Indian stock market. The company has given a loss of 22.36% in the last 1 year, whereas if we talk about the last 5 years, then in the last 5 years it has given a profit of 605.34% to its investors.

This company was listed in the Indian stock market exchange in the year 2010, when its share price was around Rs.18, since then till now this company has shown a growth of 10,187.65%.

Deepak Nitrite Share Price Target 2024

Deepak Nitrate is a leading company in India in the manufacture of organic, inorganic, fine, and specialty chemicals with a significant share of business in this sector.

The revenue of this company is increasing every year, along with this the profits are also increasing.

The management of the company is also very good and takes the best decisions for the growth of its business.

By the year 2024, the first target of this company’s stock can be Rs.2400 and the second target can be Rs.2580.

Deepak Nitrite Share Price Target 2025

This company is adding on strengthening its customer base so that more and more customers join it and its business also grows rapidly. If we look at the current situation, big companies like HUL, Parle Agro, GAIL, Emami are its customers, and the number of its customers is increasing gradually.

With the increase in the number of customers, its sales will also increase and it will also benefit the revenue and profits of the business, and it has been learned from the sources that many more big companies are planning to associate with Deepak Nitrite for chemicals. Yes, if this happens then the business of the company will see very rapid growth.

On this basis, we can say that its share can trade between 2650 to 2780 in the India stock market by the year 2025.

Deepak Nitrite Share Price Target 2026

Deepak Nitrite Company is now adding many more new chemicals to its inventory to expand its business so that its sales increase.

Gradually, this company is completely occupying the chemical market of India and due to this, very good growth is also being seen in its business.

Although there have been many ups and downs in the company’s business in the last 1 year, but the kind of new ideas the management is working on, we can see a tremendous growth in its stock in the coming years.

For the year 2026, the first target of its stock can be Rs.3200 and the second target can be Rs.3450.

Deepak Nitrite Share Price Target 2028

The role of Research & Development is very important for any company, whether it is related to the chemical sector or any other sectors.

Talking about the Research & Development of this company, it has a very good team for Research & Development and the company spends a certain part of its revenue for its Research & Development so that over time new innovations can be made.

If the company continues to work with this mindset, then by the year 2028, its share price can trade between 4300 to 4550.

Deepak Nitrite Share Price Target 2030

Deepak Nitrite is acquiring small companies in chemical sector to become the king of its business sector so that it can have more manufacturing capacity and cover more range

Along with this, the company is adding its manufacturing plants to spread in all the main states of India so that the cost of transportation comes down and the company gets maximum exposure.

Deepak Nitrite has always been successful in giving good returns to investors in the long run, so if you are thinking of investing in chemical sector company for a long time, then this can be a good option.

By the year 2030, the first target of its stock can be Rs.5800 and the second target can be Rs.6600.

Shareholding Pattern of Deepak Nitrite

Read Also- Bikaji Foods Share Price Target 2024, 2025, 2026, 2028, 2030

Conclusion

Through today’s post, we have shared detailed information about Deepak Nitrite Share Price Target 2024, 2025, 2026, 2028, 2030 with you.

If you are thinking of investing in the shares of Deepak Nitrite Company, then you must analyze its shares and company or take advice from your financial advisor.

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