DEEPAKNTR

** 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)

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** 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)

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** 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)

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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)

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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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** Shares of Deepak Nitrite DPNT.NS rise as much as 5.3% to 2,210 rupees, highest since Sept. 21

** The chemicals maker reported on Tuesday its Q2 consolidated net profit surged ~85% aided by fall in total expenses

** More than 518,733 shares change hands by 09:42 a.m. IST, 2x its 30-day avg

** Mean rating of 15 analysts covering the stock is "hold"; median PT is 2,230 rupees - LSEG data

** Stock currently up 1.7% bumping YTD gains to 7%

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 7 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• INDIA'S DEEPAK NITRITE LTD SEPT-QUARTER CONSOL NET PROFIT 2.05 BILLION RUPEES VERSUS PROFIT 1.74 BILLION RUPEES

• DEEPAK NITRITE LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 17.78 BILLION RUPEES VERSUS 19.62 BILLION RUPEES

Source text for Eikon: ID:nBSE8rZYgg

Further company coverage: DPNT.NS

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Oct 4 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• APPROVED INCORPORATION OF UNIT AND INVESTMENT UPTO 50 MILLION RUPEES IN THE EQUITY CAPITAL OF UNIT

Source text for Eikon: ID:nBSE9Drrs9

Further company coverage: DPNT.NS

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** Shares of Deepak Nitrite DPNT.NS fall as much as 4.3% to 1,938.25 rupees

** Stock posts its steepest intra day pct loss since Feb. 7

** The chemicals maker posts ~36% YoY slump in its Q1 profit, while rev drops ~14% YoY

** Avg rating of the 12 analysts covering DPNT is "buy" on a 5-scale rating from "strong buy" to "strong sell"

** Analysts' median PT is 2,199.50 rupees - Refinitiv data

** As of last close, stock up ~2% so far this year

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Aug 3 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• INDIA'S DEEPAK NITRITE JUNE-QUARTER CONSOL NET PROFIT 1.5 BILLION RUPEES VERSUS 2.35 BILLION RUPEES

• DEEPAK NITRITE JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 17.68 BILLION RUPEES VERSUS 20.58 BILLION RUPEES

Source text for Eikon: ID:nBSEb9b35L

Further company coverage: DPNT.NS

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July 12 (Reuters) -

• LIFE INSURANCE CORPORATION OF INDIA RAISES STAKE IN DEEPAK NITRITE TO 7.089% FROM 5.028% - EXCHANGE FILING

Source text for Eikon: ID:nBSE32zFcc

Further company coverage: DPNT.NS

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

• UNIT SIGNS MEMORANDUM OF UNDERSTANDING WITH GOVERNMENT OF GUJARAT TO INVEST AROUND 50 BILLION RUPEES IN NEXT 4 YEARS

• MOU FOR SETTING UP PROJECTS TO MANUFACTURE SPECIATITY CHEMICATS, PHENOT / ACETONE, EISPHENOL AT DAHEJ/NANDESARI

• PROPOSED INVESTMENT IS EXPECTED TO GENERATE AROUND 1,500 DIRECT AND INDIRECT EMPLOYMENT OPPORTUNITIES

Source text for Eikon: ID:nBSE9V6N5j

Further company coverage: DPNT.NS

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May 11 (Reuters) - Deepak Nitrite Ltd DPNT.NS:

• MARCH-QUARTER CONSOL NET PROFIT 2.34 BILLION RUPEES VERSUS 2.67 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 19.61 BILLION RUPEES VERSUS 18.72 BILLION RUPEES

• DIVIDEND OF 7.5 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: DPNT.NS

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