Deepak Nitrite’s share price rises in early trade after the company reports strong June-quarter results. Multiple outlets say net profit increases more than threefold year over year, reaching about Rs 345 crore, while revenue grows sharply—around 36% year over year—indicating broad-based improvement in performance during the quarter. The earnings update comes alongside investor reaction reflected in a daily jump of roughly 4% to 5% in the stock price across reports. Economic Times adds that the company also has a large expansion plan valued at about Rs 2,500 crore, which it says supports market sentiment. It further notes positive technical indicators and an increase in institutional ownership during the same period. Together, the outlets attribute the stock move primarily to the profit growth and revenue acceleration reported for the June quarter, with the expansion plans and investor positioning described as additional supportive factors. The reports present the results as a significant beat versus the prior year’s quarter, with the percentage gains in profitability cited as the main catalyst for the share price reaction.
Deepak Nitrite shares rise after June-quarter profit more than triples, revenue grows
Deepak Nitrite’s share price rises in early trade after the company reports strong June-quarter results. Multiple outlets say net profit increases more than threefold year over year, reaching about Rs...
- Deepak Nitrite reports June-quarter net profit of about Rs 345 crore, rising more than threefold year over year.
- Revenue in the June quarter increases by about 36% year over year, according to reports.
- Deepak Nitrite shares rise by roughly 4% to 5% following the earnings announcement.
- Economic Times cites a planned expansion of about Rs 2,500 crore as supportive for investor sentiment.
- Economic Times also mentions increased institutional ownership and positive technical indicators during the quarter.
Deepak Nitrite shares climbed over 4% after the company reported a more than threefold jump in June-quarter net profit and strong revenue growth. Investor sentiment was further supported by a Rs 2,500 crore expansion plan, positive technical indicators and increased institutional ownership during the quarter.
6 hours agoDeepak Nitrite posted robust June-quarter earnings with net profit climbing to Rs 345 crore and revenue rising 36.4%
6 hours ago
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