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You are here : IndiaNotes >> Research & Analysis >> Companies >> Deepak Nitrite Ltd. >> Research

Jainam Research recommend a chemicals scrip for 60%-70% upside

Jainam Research | 05 Jul, 2017  | Follow Author | Add to my Favourites 
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We at Jainam Wealth recommend to our investors to Buy Deepak Nitrite (BSE:506401) at CMP of Rs. 170 and add more on decline. The company is setting up a greenfield project through it’s wholly owned subsidiary deepak phenolics to manufacture phenol and acetone. This two chemicals are 80% to 85% imported in India i.e 240000 MTPA( phenol) & 127000 MTPA( acetone), and to cater this demand deepak nitrite is setting up a plant to manufacture 200000 MTPA of phenol and 120000 MTPA of acetone. Company was affected by certain events in past like floods and fire at one of its manufacturing plant, but now all the units has resumed to work. We like the company on the back of its wide range of products portfolio catering the need of various industries and majorly because of the expansion they are doing for phenol and acetone.We estimating potential upside in the stock by 60-70% in the coming 2.5-3 years.

 



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About Jainam Research

Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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