Near-term challenge impacting the company’s performance is the shortage of key raw material nitric acid. This can be troubling for the next 6-12 months till the time new domestic capacities go on stream
"The scrip is now facing a resistance at Rs 402 levels and support level at Rs 355 on pivot points. We have a BUY recommendation for Deepak Fertiliser which is currently trading at Rs 373.50," says Dinesh Rohira, Founder & CEO at 5nance.com.
The focused budgetary measures directed at rural India aim to realize the 2022 goal and give the desired push in an election year –thereby killing two birds in one shot.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
Ashwani Gujral of ashwanigujral.com recommends buying Deepak Fertilizers, Kolte Patil Developers and PVR.
Ruchit Jain of Angel Broking recommends buying Manappuram Finance with a target of Rs 104 and Ashok Leyland with a target of Rs 100.
Parul Sailesh Mehta sold 30,12,000 shares of Deepak Fertilizers at Rs 248.05.
Bharat Forge | Allahabad Bank | Fortis | Dalmia Bharat | Piramal Enterprises | SpiceJet | Deepak Fertilizers and Jet Airways are stocks, which are in news today.
Unity Infra along with Deepak Fertilizers will launch a state of the art agriculture produce market committee in Kalyan, Mumbai by 2020 on 60:40 sharing basis.
The Competition Commission of India (CCI) has approved Deepak Fertilizers' proposed additional stake buy in Vijay Mallya group firm Mangalore Chemicals and Fertilizers.
Speaking to CNBC-TV18, Poddar, who holds over 16 percent in MCF, said that he consulted Mallya before buying the stake. Mallya, had then agreed with Poddar that he would enter into a joint venture with Zuari.
Emkay Equity Advisory expects Deepak Fertilizers to report a 17.3 percent growth quarter-on-quarter (fall of 32.4 percent year-on-year) in net profit at Rs 34.2 crore.
According to Prabhudas Lilladher, Deepak Fertilizers may report a 42.9 percent growth quarter-on-quarter (fall of 17.6 percent year-on-year) in net profit at Rs 41.6 crore.
Gautam Sinha Roy of Motilal Oswal Securities told CNBC-TV18 that HCL Tech will be his top pick as the earnings season starts next week.
Himanshu Nayyar, Analyst Agri Sector, Quant told CNBC-TV18 that he is is cautious on getting into Mangalore Chemicals and recommends buying Deepak Fertilisers with long term perspective.
SP Tulsian of sptulsian.com says he doesn't see much downside in Mangalore Chemicals and Fertilizers from current levels. "Rs 52-53 seems to be a strong level which share should hold on," he adds.
Prabhudas Lilladher has come with its June quarterly earning estimates for Agri Products and Chemicals sector. According to the research firm, agri products and chemicals‘ coverage universe is likely to show de-growth of 2.8% YoY (down 25.3% QoQ) in net sales during Q1FY13.
Mithil Pradhan of Violet Arch Capital Advisors is of the view that traders can get in to Deepak Fertilizers at this level.
Indian markets had a laggard session yesterday. Will it play out the same way today as well? Read on for more...
Deepak Fertilizers has target of Rs 179, says Nooresh Mirani, AVP Technical, AMSEC Research.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Deepak Fertilizers can test Rs 210, says Nooresh Mirani, AVP Technical, AMSEC Research.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
CNBC-TV18 brings you a brand new week of Bull's Eye. It's the popular game show where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Ranak Merchant of Sushil Finance is of the view that one should hold Deepak Fertilizers.