Monday, 3 November 2014

Deepak Nitrite surges on issuing Commercial Papers worth Rs 25 crore

Deepak Nitrite is currently trading at Rs. 74.50, up by 1.20 points or 1.64% from its previous closing of Rs. 73.30 on the BSE.
The scrip opened at Rs. 75.30 and has touched a high and low of Rs. 75.30 and Rs. 73.70 respectively. So far 2230 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 106.00 on 23-Jun-2014 and a 52 week low of Rs. 25.17 on 05-Nov-2013.
Last one week high and low of the scrip stood at Rs. 79.15 and Rs. 68.80 respectively. The current market cap of the company is Rs. 766.26 crore.
The promoters holding in the company stood at 56.56% while Institutions and Non-Institutions held 6.39% and 37.04% respectively.
Deepak Nitrite has issued Commercial Papers (CP) for Rs 25 crore value dated October 31, 2014. This has been subscribed by HDFC Bank having maturity date as January 29, 2015. The aforesaid issuance of CP is to fund working capital requirement of the company.
Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine.

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