Deepak Nitrite is one of the well-known stocks in the chemical sector. If you are also related to the stock market, then you too must have heard about this share at one time or the other.
Today in this post we will talk about the company’s share price target 2023 to 2050 in great detail and also to know the future performance of this great company.
Due to the speed with which this stock is growing, every investor is rapidly increasing their holdings in this stock.
You know that the better a company is, it often remains in the news. And the main reason for this company to remain in the news is its returns.
Today, Deepak Nitrite has been gaining momentum among investors for some time now. This stock is becoming the most favorite stock of investors, the reason is that this stock has given excellent returns in the stock market.
And also in the coming time, you can expect good returns from this stock. Now it is a matter of how much the price of this stock can jump in the near future or not. I am trying to reach you every information related to this stock through this post.
In this article, we will discuss the company’s stock price predictions keeping in mind the company’s strengths and weaknesses.
All about Deepak Nitrite Company
this is known as a well-known giant company in the chemical sector. This company was started in the year 1970 by Mr. Chimanlal Khimchand Mehta (father of Deepak Mehta) and its Managing Director (MD) Mr. Ajay Mehta is there.
If we know about the share price of this share, then this share also used to come in the form of a penny stock share in its initial days.
But gradually as this share showed increment in its share price, this share kept turning into a multibagger company.
Talking about the business of this company, let me tell you that this company has established its plants in all the big places of Gujarat, Maharashtra, Telangana and Hyderabad.
In these plants, this company manufactures products like pharmaceutical, agrochemical, fine chemical, rubber, and colorant.
If you want to know about the CEO and Chairman of the company, then let me tell you that Mr. Mr. Maulik is Mehta, and the chairman of this company is Mr. Deepak Mehta ji. This company was started in the year 1970.
Future of Deepak Nitrite Share
If you notice, since China has issued instructions to all its chemical factories or all its chemical companies to reduce their production keeping in mind the environment in their country.
Since then, the rate of production in the chemical sector in the whole world has become even higher.
And in this way, if seen in the chemical sector, because of this, the demand for chemicals is continuously increasing all over the world.
And along with this, the demand of chemical sector in the whole world will continue to increase in the coming future as well.
And the benefit of all these will definitely fall on this company, a giant chemical sector company of Indian origin.
For this reason, there has been a huge jump in the share price of this company. In this way, you can see that the investors of this company can definitely get benefit in this company in the coming time.
Risk of Deepak Nitrite Share
The rules and regulations of the government regarding the chemical sector company are very strict. More rules and regulations of the government are seen in the company of this sector.
And that’s why only because of these strict rules of the government, if there is any change in the rules and regulations related to the chemical sector of the government in the near future, then its direct effect can be seen in the business of the companies of this sector.
That’s why I request you that before making any kind of investment, you must meet your stock market advisor.
If you talk about the second risk of this company, then if there is an increase in the prices of raw materials used in the chemical industry, then its direct impact can also be seen on this company.
Deepak Nitrite Share Price NSE
This company is also listed on NSE as NSE: DEEPAKNTR. If we look at the 52-week high price of this stock, then 52-wk high then this price is Rs. 2,402 has been reached.
And with this, on the contrary, if we look at the 52-week low price of this stock, then the 52-wk low price is Rs. 1,681.15 has come to down.
Thus we see that the stock has hit a 52-wk high: Rs. 2,402 and 52-wk low: Rs. 1,681.15 has been reached.
Let us tell you that this stock has achieved its lowest price in March 2012 at Rs. 15 and the highest price on Oct 2021 is Rs. 2881 was made.
Deepak Nitrite Business Model
This is a very big chemical company of Indian origin. The branches of this company are located at Nandesari, Dahej in Gujarat, Hyderabad in Telangana and Roha, Taloja in Maharashtra.
The main business of the company is to produce a spectrum of chemicals including pharmaceuticals, agrochemicals and fine chemicals. This company manufactures chemicals for India as well as foreign market.
Talking about the company’s diversified product portfolio of basic chemicals, they are as follows:
- Sodium Nitrite / Sodium Nitrate
- Nitrosyl sulfuric acid
- Nitro Toluidines
- fuel additives
The fine and specialty chemicals of the company are as follows:
- Agricultural Chemicals
- Performance Products
- Specialty
- oximes
- Commidines
If seen in phenol, then acetone, cumene and isopropyl alcohol come.
Deepak Nitrite Market Competitors Company
If you talk about the market competitors of this company, then its competitors are as follows:
- SRF Ltd (Shri Ram Fibres) (BSE: SRF)
- Sumitomo Chemical India Ltd
- Tata Chemical
- Alufluoride Ltd (ALULTD)
- Pidilite Industries (BSE: PIDILITIND)
- Vishnu Chemicals Ltd (VISCHE)
- Linde India Limited (BSE: LINDEINDIA)
- Solar Industries (BSE: SOLARINDS)
- Aarti Industries
- Gujarat Fluorochemicals Ltd (BSE: FLUOROCHEM)
- Alchemist Corporation Ltd (HARFIB)
Deepak Nitrite Share Price Target 2023, 2024, 2025, 2030, 2040 & 2050 Table Chart
| Target Year | Deepak Nitrite Share Price Target |
| Year 2023 | ₹1900 to ₹2040 |
| Year 2024 | ₹2050 to ₹2120 |
| Year 2025 | ₹2130 to ₹2215 |
| Year 2026 | ₹2235 to ₹2310 |
| Year 2027 | ₹2325 to ₹2460 |
| Year 2028 | ₹2475 to ₹2535 |
| Year 2029 | ₹2550 to ₹2615 |
| Year 2030 | ₹2630 to ₹2700 |
| Year 2040 | ₹2710 to ₹2770 |
| Year 2050 | ₹2785 to ₹2850 |
Deepak Nitrite Share Price Target 2023
This company is registered in chemical sector company, whose market cap is similar to that of a midcap company. So in this way you can say that this company is a midcap company.
If you talk about the Share Price Target 2023 of this company, then the first target of this company can be up to ₹1900 and the price target of this company can be around ₹2040.
Deepak Nitrite Share Price Target 2024
This chemical sector company of Indian origin has a market share of about 75% in the Indian market for Sodium Nitrite, Sodium Nitrate and Nitro Tolueness.
Looking at this percentage, it can be said that this company has established its presence in the Indian market.
In this way, the share price target is likely to go from around ₹2050 to ₹2120.
Deepak Nitrite Share Price Target 2025
In the last few days, there is a lot of growth in the share price of this company. The reason for the rapid increase in the share price is the increase in the demand for its fine and specialty chemicals.
And because of this the profit of this company is also increasing a lot. If we talk about Deepak Nitrate Share Price is likely to go from around ₹2130 to ₹2215.
Deepak Nitrite Share Price Target 2030
The financial sector of the company is also very solid. Along with this, its sales profit growth and ROE ratio are also very positive, due to which this stock is attracting investors.
If you look at the revenue of the company, you will see that this company has diversified its portfolio very well and the share price can be seen from around ₹2630 to ₹2700 in the year 2030.
Deepak Nitrite Share Price Target 2040
If you look at any chemical sector companies, you will find that almost all the companies in this sector always try to stay one step ahead of their competitor companies in their industry.
You will find that such companies always keep Research & Development strong so that they keep their R&D facility very good.
Along with this, they are also promoting investment in their companies through their management and its share price can be around ₹2710 to ₹2770.
Deepak Nitrite Share Price Target 2050
The company is providing its chemical services in around 45+ countries. Out of these, along with more than 100 products by this company, a large number of customers are also getting benefits from these services.
If we talk about the coming future, then due to this less of the company, more and more new customers will be added to this company and due to this, a good increase in the revenue of the company can also be seen.
This company is seen leading its up in the case of the competitor company of its sector. And in this way, being a leading company, you can see a huge increase in its share price. In the year 2050, the share price of this company can be around ₹2785 to ₹2850.
