Deepak Nitrite trades jubilantly on commissioning balance capacities of OBA

Deepak Nitrite is currently trading at Rs. 743.00, up by 31.65 points or 4.45% from its previous closing of Rs. 711.35 on the BSE. The scrip opened at Rs. 719.70 and has touched a high and low of Rs. 746.00 and Rs. 719.70 respectively. So far 1533 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 746.00 on 22-May-2014 and a 52 week low of Rs. 211.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 746.00 and Rs. 600.00 respectively. The current market cap of the company is Rs. 769.56 crore. The promoters holding in the company stood at 56.56% while Institutions and Non-Institutions held 7.34% and 36.10% respectively. Deepak Nitrite has commissioned balance capacities of Optical Brightening Agent (OBA) on May 20, 2014. Now the plant stands fully commissioned. The company has taken this step after completion of successful trial runs of production at its new Greenfield Plant at Dahej, Bharuch district in state of Gujarat. Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine.