Deepak Nitrite

** Shares of chemicals maker Deepak Nitrite DPNT.NS jump 5.36% to 1842.30 rupees

** Emkay Global upgrades stock to "buy" from "reduce", raises TP to 2,000 rupees from 1,800 rupees, citing recovery in advanced intermediates business

** Brokerage says proactive raw material procurement, inventory build-up could support margins in H1FY27 amid ongoing geopolitical disruptions

** Nuvama raises TP to 1,996 rupees from 1,760 rupees, maintains "hold", citing better spreads and improved profitability in phenolics business

** DPNT rated "hold" on average by 18 analysts, median PT at 1826 rupees - data compiled by LSEG

** Trading vols at 208,756 shares, compared to 30-day avg of 252,213 shares

** YTD stock up 0.97%

(Reporting by Surbhi Misra in Bengaluru)

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May 15 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE LTD MARCH-QUARTER CONSOL NET PROFIT 2.2 BILLION RUPEES

• DEEPAK NITRITE LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 21.2 BILLION RUPEES

Source text: [ID:]

Further company coverage: DPNT.NS

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April 1 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• UNIT GETS TAX PENALTY OF 21.5 MILLION RUPEES

Source text: ID:nBSE4Y6Q24

Further company coverage: DPNT.NS

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Adds details in paragraph 2-8

NEW DELHI, March 19 (Reuters) - India's trade ministry has recommended imposing anti-dumping duties on imports of a key industrial chemical from China after an investigation found that low-priced shipments were hurting domestic producers.

The Directorate General of Trade Remedies (DGTR), under the trade ministry, launched the probe into imports of 4,4-Diamino Stilbene-2,2-Disulphonic Acid (DASDA) following a complaint by Indian chemical maker Deepak Nitrite Limited DPNT.NS.

The DGTR proposed a reference-price-based duty, under which importers would pay the difference between the arrival price and a reference price of $3,453 per ton if shipments fall below that level.

DASDA is an organic chemical used mainly to make optical brightening agents and dye intermediates for textiles and other industries.

The watchdog said there was prima facie evidence that the product was exported to India at dumped prices, causing injury to domestic manufacturers.

The investigation covered April 2023 to June 2024, along with earlier years to assess the impact on the sector.

India had previously imposed anti‑dumping duties on DASDA, but they lapsed in 2019.

The finance ministry will make the final decision on whether to impose the duties.

(Reporting by Manoj Kumar. Editing by YP Rajesh and Mark Potter)

(([email protected]; +919810286200; Twitter:@manojgulnar;))

Feb 12 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE LTD DEC-QUARTER CONSOL NET PROFIT 997.9 MILLION RUPEES

• DEEPAK NITRITE LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 19.75 BILLION RUPEES

Source text: [ID:]

Further company coverage: DPNT.NS

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** India's Nifty 50 .NSEI and Sensex .BSESN down 0.6% and 0.5%, respectively

** Benchmark indexes hit lowest levels in more than two months as mixed earnings, global trade war fears fuel foreign fund outflows

** All 16 major sectors trade lower; broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 down 1.7% and 1.4%, respectively

** IT index .NIFTYIT slides 1.6%, top loser among major sectors

** LTIMindtree .LTIM.NS and Wipro WIPR.NS down 7.7% and 2.5%, respectively, on earnings jitters

** Reliance Industries RELI.NS down 0.8%, extends losses for second session after it posted lower-than-expected Q3 profit

** Oberoi Realty OEBO.NS slides 7.5% on lower pre-sales during December quarter

** Deepak Nitrite DPNT.NS jumps 3.6%, top gainer on Nifty 500 .NIFTY500, as its unit commissions nitration and hydrogenation plant in gujarat

** Asian shares .MIAPJ0000PUS down 0.5% on U.S. President Donald Trump's Europe tariff threat MKTS/GLOB

(Reporting by Vivek Kumar M)

(([email protected];))

Jan 19 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE LTD - UNIT COMMISSIONS NITRATION AND HYDROGENATION PLANT IN GUJARAT

• DEEPAK NITRITE LTD - TOTAL CAPITAL EXPENDITURE FOR PLANT ABOUT 850 MILLION RUPEES

Source text: ID:nBSE4C7Fm9

Further company coverage: DPNT.NS

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Oct 9 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE LTD - TAX AUTHORITIES ORDER RECOVERY OF 21.5 MILLION RUPEES INELIGIBLE TAX CREDIT

• DEEPAK NITRITE LTD - TAX PENALTY OF 21.5 MILLION RUPEES IMPOSED ON CO

Source text: ID:nNSE2qzhNc

Further company coverage: DPNT.NS

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** Shares of Deepak Nitrite DPNT.NS drop about 3% in two sessions; down 2.03% on the day

** Co posted weak quarterly results, sending shares down as much as 5.3% on Thursday

** At least 8 brokerages have cut price targets post results, while at least 5 downgraded the stock, as per data compiled by LSEG

** Mean PT of 18 brokerages on stock has reduced to 2,087.05 rupees from 2,145.58 rupees a month ago - LSEG

** Emkay Research analysts say results came below estimates with chemical prices under pressure for last 3 quarters; adds, prices remain under pressure and headwinds persist

** Analysts at PL Capital flag sustained pressure on margins hurt by cheap imports in the country

** DPNT cut FY26 capex plan to 8-10 billion rupees from 12-15 billion rupees, brokerage Ambit Institutional Equities sees this as "discouraging"

** Stock is rated "hold" on avg, median PT at 2,028 rupees - LSEG

** Year-to-date, stock down 27%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Deepak Nitrite DPNT.NS falls 2.8% to 1,820 rupees, lowest since April 9

** Chemicals maker's Q1 net profit slides 44.5% y/y; rev slips ~13%

** Co says weak demand for agrochemicals in Q1 weighed on revenue, EBITDA

** More than 250,000 shares traded, 2.7x the 30-day avg

** Stock rated "hold" on avg; median PT is 2,210 rupees, per data compiled by LSEG

** YTD, DPNT falls ~27%

(Reporting by Urvi Dugar)

(([email protected]))

Aug 13 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE JUNE-QUARTER CONSOL NET PROFIT 1.12 BILLION RUPEES

• DEEPAK NITRITE JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 18.9 BILLION RUPEES

Source text: ID:nnAZN4D28PA

Further company coverage: DPNT.NS

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** Shares of Garware Hi-Tech Films GARW.NS up 3.6% at 3,654.8 rupees

** Chemicals maker's Q4 consol net profit jumped 34.6% to 778 mln rupees ($9.1 mln), revenue rose 22.7%

** Stock set to rise for sixth straight session

** More than 226,000 shares traded, 1.6x its 30-day moving avg

** GARW down ~27% YTD, rival Deepak Nitrite DPNT.NS down ~21%

($1 = 85.2420 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

April 16 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE LTD - DEEPAK CHEM TECH ISSUES 1.63 BILLION RUPEES OCRPS TO DEEPAK PHENOLICS

Further company coverage: DPNT.NS

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** Chemical stocks jump as Donald Trump pauses reciprocal tariffs beyond 10% on most countries

** Chemicals, accounting for 4.01% of India's exports to the U.S., was to take major hit from 26% tariffs on the country

** PI Industries PIIL.NS, SRF SRFL.NS soar 6.3% and 4%, respectively; among top midcap gainers

** UPL UPLL.NS, Aarti Industries ARTI.NS, Navin Fluorine International NAFL.NS, Deepak Nitrite DPNT.NS, Vinati Organics VNTI.NS and Alkyl Amines Chemicals ALKY.NS gain between 2.9% and 3.3%

** Barring PIIL and ALKY, other chemical stocks 2.5%-7% below April 2 levels before Trump announced tariffs

** PIIL and ALKY up nearly 1% each from April 2 closing price

(Reporting by Vivek Kumar M)

(([email protected];))

** India's Deepak Nitrite DPNT.NS gains 4.1% to 1,934 rupees, set for best day since late-November

** Stock also on track for third straight session of gains

** Kotak Institutional Equities upgrades chemicals maker's stock to "add" from "sell", hikes PT to 2,020 rupees from 1,990 rupees

** DPNT to benefit from improved performance in its advanced intermediates segment and volume uptick in phenolics segment in Q4 - Kotak

** Co's Q3 profit more than halved in February, pushing stock to post its worst week in five years

** However, Kotak flags industry-wide overcapacity across products which will prevent margin recovery in foreseeable future

** Avg rating of 18 analysts on DPNT at "hold", median PT is 2,141 rupees - data compiled by LSEG

** Stock down 13.6% since reporting Q3 results

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of India's Deepak Nitrite DPNT.NS fall ~10% to 2025 rupees

** Chemicals maker's Q3 consol net profit more than halved y/y to 980.9 million rupees ($11.3 million), rev from ops dropped over 5%

** Stock has lost 17% so far this week, set for its worst week since mid-March 2020

** Trading vols 1.7 mln shares vs 30-day avg of 155,000 shares

** YTD stock has shed 21%

($1 = 86.8230 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Feb 13 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEC-QUARTER CONSOL NET PROFIT 980.9 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 19.03 BILLION RUPEES

Source text: [ID:]

Further company coverage: DPNT.NS

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Dec 17 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• REGIONAL DIRECTOR (I/C) (NWR) PASSES INTERIM ORDERS AGAINST NTPPL

Source text: ID:nBSE2mRcJp

Further company coverage: DPNT.NS

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Nov 13 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE SEPT-QUARTER CONSOL NET PROFIT 1.94 BILLION RUPEES

• DEEPAK NITRITE SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 20.32 BILLION RUPEES

Source text: [ID:]

Further company coverage: DPNT.NS

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** Morgan Stanley says Deepak Nitrite DPNT.NS remains its only preferred play in India's chemicals sector; reiterates "overweight" rating

** Raises TP to 3,295 rupees from 2,957 rupees

** Says DPNT's commodity chemicals exposure, limited reliance on agrochemicals and high exposure to domestic demand help it stand out among peers grappling with intense competition and demand uncertainty

** Expects only DPNT to see any share price gains in the sector over the next year

** Adds DPNT has the largest medium-term year investment pipeline of over 100 bln rupees ($1.19 bln), at a time when most incumbents are shifting focus to monetizing past investments

** Stock last up 2.4% vs flat movement in peers SRF Ltd SRFL.NS and Navin Fluorine International NAFL.NS

($1 = 83.9650 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of Deepak Nitrite DPNT.NS rise 3.7% to 3,068 rupees; biggest one-day pct gain in more than a month

** Chemicals maker's Q1 consol profit rose 35%; rev up 22.6%

** Stock's busiest session in more than a month, with more than 1 mln shares traded

** Avg rating of 15 analysts covering the stock is "Hold"; their median PT is 2,507.5 rupees - LSEG

** Stock up 22% YTD; it rose 25% in 2023

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Aug 5 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• JUNE-QUARTER CONSOL NET PROFIT 2.03 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 21.67 BILLION RUPEES

Further company coverage: DPNT.NS

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May 31 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• UNIT ENTERED INTO SHARE PURCHASE AGREEMENT WITH SHAREHOTDERS OF NARMADA THERMAL POWER

• DEAL FOR 616.5 MILLION RUPEES

Source text for Eikon: ID:nBSE7s1HBx

Further company coverage: DPNT.NS

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** Shares of India's Deepak Nitrite DPNT.NS down 4.7% after shedding as much as 5% earlier in the session

** DPNT set to drop for the third straight session, if losses hold

** Facing multiple challenges - cheap dumping from China, recessive trends in EU, continuing Red Sea crisis and soft agrochemical demand, chemical maker flags in post-results call

** Brokerage Haitong sees persisting near-term volatility, downgrades co to "neutral" from "outperform"

** Co's Q4 consol rev from ops rose 8.4%, net profit rose 8.6%

** YTD DPNT has lost over 5%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

May 22 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• Q4 SAW SIGNIFICANT IMPACT DUE TO DESTOCKING BY END INDUSTRIES SUCH AS AGROCHEMICALS AND ALSO EXCESS CHINESE PRODUCTION

Source text for Eikon: ID:nNSE5JhctN

Further company coverage: DPNT.NS

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April 24 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE LTD - GETS 1.27 BILLION RUPEES TOWARDS FINAL SETTLEMENT OF INSURANCE CLAIM FOR FIRE INCIDENT AT NANDESARI PTANT

Source text for Eikon: ID:nBSEryLz

Further company coverage: DPNT.NS

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** Shares of chemicals maker Deepak Nitrite DPNT.NS up 1.7% to 2136.30 rupees

** Unit Deepak Chem Tech starts manufacturing operations of its fluorination plant at Dahej, Gujarat

** Stock trading below its 50-, 100-, and 200-day moving averages since early March

** Fifteen analysts covering the stock on average have a "hold" rating; median PT is 2,375.50 rupees - LSEG data

** Stock down 13.9% so far this year, had gained 25% in 2023 for best yearly gains since 2021

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Feb 13 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• DEEPAK NITRITE LTD DEC-QUARTER CONSOL NET PROFIT 2.02 BILLION RUPEES VERSUS 2.09 BILLION RUPEES

• DEEPAK NITRITE LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 20.09 BILLION RUPEES VERSUS 19.91 BILLION RUPEES

Source text for Eikon: ID:nNSEb1SWVq

Further company coverage: DPNT.NS

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Jan 8 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• TO ACQUIRE 4,95,824 EQUITY SHARES OF DOIL

• TO ACQUIRE SHARES THROUGH ACQUISITION AS WELL AS BY WAY OF SUBSCRIPTION

• TO INCREASE SHAREHOLDING IN DOIL FROM 31.72% TO 51%

Source text for Eikon: ID:nBSE2RTRGP

Further company coverage: DPNT.NS

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** Shares of Deepak Nitrite DPNT.NS rise 3.9% after its unit approves execution of deal with Petronet LNG PLNG.NS

** Deepak Phenolics to offtake 250 KTPA of propytene and 11 KTPA of hydrogen from Petronet Petrochemical Project at Dahej, Gujarat for 15 years

** More than 472,000 shares traded, 1.2x the 30-day avg

** Avg rating of 14 analysts is "hold"; median PT of 2,282 rupees is about 4% below current price - LSEG data

** Stock up about 20% so far this year

(Reporting by Dimpal Gulwani in Bengaluru)

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