The stock of Deepak Fertilizers seems to be in upper circuit for two consecutive sessions.
Since one year, this stock is giving good profits to its investors.
The company’s margins have increased in the first quarter of the financial year 2023.
New Delhi. The Indian stock market has given many multibagger stocks in the year 2022, even amid heavy selling by foreign investors, geopolitical tensions, rising inflation around the world and rising fears of a global recession. Shares of Deepak Fertilizers & Petrochemicals Limited are also giving multibagger returns to investors. On Monday, August 1 also, there was a tremendous rise in this stock.
The stock of Deepak Fertilizers is in upper circuit for the second consecutive session. On Friday also, there was an upper circuit in this stock. The stock of Deepak Fertilizers also made its all-time high today. Today this stock closed at Rs 746.25 (Deepak Fertilizers Share Price) with a gain of 4.99 percent.
making investors rich
According to a report by Live Mint, the shares of Deepak Fertilizers have remained bullish for the last one year. In one year, this stock has given 66 percent return to its investors. Similarly, in the year 2022 so far this stock has given 85 percent return to its investors. On January 3, the price of this share was Rs 403.15, which has increased to Rs 746.25 today. The stock has gained 30.60 per cent in the last six months. In a month, the stock of Deepak Fertilizers has given 21 percent profit to the investors. The stock has gained 11.18 per cent in five trading sessions.
Great first quarter results
Deepak Fertilizers is the country’s leading industrial chemicals and fertilizers company. The shares of the company have been rising since the declaration of the results of the first quarter of the financial year 2022. The company’s margins have grown tremendously in the first quarter. The chemical segment is a major contributor to the growth in margins.
Revenue from the chemical segment has doubled to Rs 1,771 crore in the quarter. While there was a jump of 19 per cent in revenue in the first quarter of the financial year 2022, it has increased by 41 per cent in the first quarter of 2023. Similarly, there has been a jump of 26 per cent in the fertilizer revenue on an annual basis. Similarly, the operating EBITDA margin has also increased by 24.3 percent in the first quarter of the financial year 2023. In the first quarter of the financial year 2022, this growth was 15.2 percent.
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FIRST PUBLISHED : August 01, 2022, 16:03 IST