Stock of Interest

Posted On: August 30, 2023

Stock Report: DEEPAKNTR(NSE) 29 Aug 2023 

Deepak Nitrite Ltd is a chemical manufacturing company. The company segments consist of Basic Chemicals, Fine and Specialty Chemicals, and Performance Products. It generates most of the revenue from the Basic Chemicals segments. Some of its product includes Sodium Nitrite; Nitro Toluidines; Nitrosyl Sulphuric Acid; Oximes; Cumidines; Optical Brightening Agent (OBA); Phenol and others. Its products are used in various industries including Colorants, Petrochemicals, Agrochemicals, Pharmaceuticals, Paper, Textile, Detergents, it has two segments Advanced Intermediates and Phenolics. Fine and Specialty Chemicals. Geographically, it derives maximum revenue from India. 

#xCalData predicts that # DEEPAKNTR will continue its bullish phase over the next five days and trend within the range of 2061 to 2277. 

In comparison to the previous month, the price of the stock has experienced a increase of 9.74% indicating a bullish.

The Stock has doubled 5 time(s) since 16 Sep 2015 and took an average of 1.2 years to double.

The stock has not shown seasonality trend in the past.

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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